AIMA Global Investor Board Insights: Co-investments and the Collaborative Model

Published: 28 February 2025

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  • Co-investments and strategic partnerships are central to cost efficiency and alpha generation as part of a “one fund” approach enhancing internal collaboration and optimizing capital deployment
  • Co-investment transaction volume growing, with expansion to joint ventures, revenue-sharing and selective GP stakes.
  • Particularly with private market investments, flexible liquidity strategies and targeted divestments are critical to avoid reliance on market timing while managing concentration risks.
  • Co-investments represent a significant amount of fee savings while delivering alpha-generating returns and minimizing inefficiencies or crossed purpose overlaps across investment teams. 
  • Strong sourcing, insights, talent and dynamic risk control play key roles in this firms aim to capitalize on scale to be preferred partner.
  • Monetization is key priority, particularly for exits of mature investments through GP stake sales, cash dividends or secondaries. Important to work on “exit” papers at same time as initial partnership agreements.
  • Looking ahead to further enhance a Collaborative Model:
    • Strengthen partnerships for operational efficiency ("do more with less").
    • Enhance internal decision-making agility and coordination.
    • Maximize portfolio-wide scale advantages while preparing structured exit/monetization plans.