Co-investments in wealth management: Promise, pitfalls, and portfolio fit
For wealth managers and RIAs, co-investments may present new ways to broaden private markets access, but implementation, governance, and portfolio fit matter.
As private markets continue to evolve, co-investments are drawing greater interest across the wealth management landscape. For advisors serving high-net-worth individuals and other qualified investors, they may offer a more targeted way to access private market opportunities alongside experienced sponsors.
But interest alone is not enough.
Co-investments can introduce important questions around client suitability, portfolio construction, governance, liquidity, and operational readiness. For wealth managers and RIAs, the challenge is not simply identifying the opportunity, it is determining whether co-investments belong in a client portfolio, and if so, how they should be implemented.
Our latest paper examines the strategic considerations behind co-investments in wealth management and highlights the practical issues that can shape outcomes.
Co-investments in wealth management: Promise, pitfalls, and portfolio fit
Why co-investments now?
In the paper, we explore
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Why co-investments are gaining attention in wealth management
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What makes co-investments structurally distinct from traditional fund investing
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How implementation choices can affect advisor and client experience
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The portfolio, governance, and operational questions that should be addressed before adoption
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Why balancing opportunity with discipline is important