E356: Why Co-Investments Are Taking Over Private Equity

About this episode

This episode discusses the rise of co-investments in private equity and their impact on institutional portfolios.

What if the next source of alpha in private equity isn’t funds—but individual deals? In this episode, I sit down with Rohan Parikh, Vice President at Houlihan Lokey, to discuss the rapid rise of co-investments and why they are becoming a core part of institutional portfolios. Rohan explains how extended fundraising cycles, larger deal sizes, and slower distributions have created a “perfect storm” for deal-by-deal capital, why LPs are increasingly treating co-investments as a standalone asset class, and how independent sponsors are reshaping the market. We also explore underwriting frameworks, alignment, and how relationships, not just returns, drive long-term success in this segment of private markets.

People in this episode

Host: David Weisburd

Guest: Rohan Parikh

Topics covered

• co-investments
• private equity
• institutional portfolios
• capital markets
• underwriting frameworks

Keywords

• co-investments
• private equity
• institutional investors
• capital markets
• deal-by-deal capital

Mentioned in this episode

Organizations: Houlihan Lokey

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