Co-Investments – Key terms (part 2 of 2)

30 October 2025

Persisting macroeconomic challenges and evolving investor demands are fueling the rise of co-investments. In response to this growing interest, we present the second part of our co-investment refresher series, focusing on indirect co-investments. This overview highlights the key factors sponsors and investors should consider for indirect co-investment, including fee expectations, pro rata alignment, and pre-emption rights for follow-on investments.

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