The Co-Investment Surge: Why Institutional Investors Are Bypassing Traditional Private Equity Funds

The 2026 evidence supports a strong story, but with an important distinction: institutional investors are not abandoning private equity funds. They are increasingly treating access to individual deals as part of the value they expect from a fund manager. McKinsey’s 2026 survey of 300 limited partners found that 52% considered co-investment access a requirement when […]
