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Chapter 11: Co-Investments and Direct Deals

In this section

  • Methods of Deal Sourcing and Structuring
    A comprehensive look at how investors source and structure co-investment and direct deals, highlighting key networks, legal frameworks, capital structures, and best practices.
  • Evaluating Co-Investment Risks and Benefits
    A detailed exploration of co-investment structures, assessing potential risks, rewards, and operational considerations in private equity deals.
  • Strategic Partnerships with General Partners
    A deep dive into how limited partners forge strategic collaborations with general partners to gain privileged deal flow, improve alignment, and share operational knowledge.
  • Liquidity, Governance, and Exit Scenarios
    Explore how co-investments and direct deals manage liquidity constraints, governance structures, and exit planning to align investor interests and optimize returns.
  • Multi-Investor Syndications and Club Deals
    An in-depth look at how groups of investors collaborate in private transactions, focusing on risk-sharing, governance, shared exit strategies, and the practical challenges of multi-investor syndications and club deals.
  • Due Diligence on Sponsor Reputation and Track Record
    Discover why thorough due diligence on a sponsor’s track record, culture, and operational oversight is essential for co-investments and direct deals, and learn practical ways to assess their performance history, team, and governance processes.
  • Negotiation Tactics and Investment Terms
    Explore co-investment negotiation strategies, essential term sheet provisions, and real-world best practices for improving outcomes in direct deals.
  • Post-Investment Monitoring and Value Creation
    Explore essential strategies for active monitoring, operational improvements, and value enhancement in co-investments and direct deals.
  • Split-Vehicle Arrangements and Fee Structures
    Explore the intricacies of sidecar and parallel fund structures, along with nuanced fee frameworks that govern co-investments and direct deals in alternative investing.
  • Direct vs. Indirect Investment Trade-Offs
    Examine the pros and cons of going solo (direct deals) versus investing through funds, including examples, diagrams, and best practices for balancing control, costs, and resources in alternative investments.
  • Fiduciary Responsibility in Co-Investments
    Explore how fiduciary responsibility governs co-investments, ensuring GPs and LPs uphold their duties of loyalty, care, and full disclosure
  • Conflict Resolution among Multiple Stakeholders
    Explore critical conflict resolution strategies among GPs, LPs, minority investors, and management teams in co-investment setups. Learn about exit timing, follow-on financing, distribution disputes, steering committees, buy-sell provisions, and best practices for fostering collaborative, transparent partnerships.
  • Portfolio Construction with Co-Investments
    Explore how to integrate co-investments seamlessly into a broader portfolio strategy, manage risk exposures, and enhance returns through careful scenario analysis and pacing.
  • Risk Mitigation with Partial Exits and Recaps
    Learn how partial exits and recapitalizations can help safeguard returns, rebalance liquidity, and manage downside risk in co-investments and direct deals.
  • Parallel Funds and Sidecar Vehicles
    Explore how parallel funds and sidecar vehicles complement main investment funds by accommodating unique investor needs, regulatory constraints, and flexible co-investment opportunities. This article dives into operational structures, fairness in deal allocation, best practices, and ILPA guidelines to help you navigate these specialized vehicles in private market deals.
  • Cross-Border Regulatory and Tax Constraints
    Explore the complexities of cross-border co-investments and direct deals, focusing on foreign ownership laws, tax treaties, repatriation of profits, and risk considerations.
Wednesday, April 9, 2025 Monday, January 1, 1

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