Co-investments May Offer a Powerful Way to Drive Down Fees in Private Market Investing

May 29, 2025

For several decades, investing in private markets (mainly private equity, private credit, private infrastructure/real assets, and private real estate) has largely been the domain of global institutional investors, such as public pensions, sovereign wealth funds, endowments, foundations, and corporate pensions.

However, private wealth access to private market investing has improved significantly in recent years. This shift stems generally not from changes in private markets themselves, but from the rise in investor-friendly vehicles — in particular, evergreen funds.

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