•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Bailey McCann, Opalesque New York:

Some 84 percent of LPs say that private equity investors in general do not have the skills, experience and processes needed to do co-investing well, according to Coller Capital’s latest Global Private Equity Barometer. The survey uses data from 114 investors from around the world, and is conducted twice a year.

Respondents to the survey acknowledge a range of factors that impact co-investments, 55 percent say that investors lack an understanding of the factors that drive the performance of coinvestments; another 71 percent say meeting GP deadlines is hard, and 50 percent say that it can be difficult to find qualified staff.

The admissions in the survey are notable, as the growth of both co- and direct investments has continued over the past year. Indeed, delegates at the recent Opalesque Investor Roundtable noted that family offices are now getting into the mix on co-investments alongside institutional and pension fund LPs. Though LPs in the survey say direct investing will never supplant investing in funds, nearly a third of respondents said they are also looking to hire more direct investing staff in the near term. A similar portion of LPs have already done so in the past 2-3 years.

But not everyone is diving into direct investing, "for the rest of investors doing this remains more of an aspirational idea. There are a lot of......................

To view our full article Click here