Co-investing has continued to become an increasingly important part of the private markets landscape, offering institutional investors the potential for lower fees, faster capital deployment, and more targeted portfolio exposure. But gaining access to opportunities is only the beginning.
In this conversation, Meketa’s Co-Investment Team examined what it took to build an effective co-investment program, from establishing the right governance and decision-making structure to evaluating manager alignment, portfolio fit, and the underlying investment. They also explored how implementation differed across private equity and infrastructure, and why successful co-investing required the ability to act quickly, remain selective, and commit to a disciplined, long-term strategy.
The discussion moved beyond the hype to address the central question facing investors: not simply whether they could access co-investments, but whether they had built the institutional capability to execute them well.
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