Co-investment funds raised a record $47.3 billion last year, despite charging management fees and carried interest.

The Q1 2026 Global Private Market Fundraising Report offers a definitive review of the private market fund landscape with fundraising, cash flow, dry powder, and AUM data across geographies and seven strategies, including private equity and venture capital.

This analyst note examines how a prolonged liquidity crunch and AI’s valuation surge are reshaping LP co-investment strategies in US venture capital.

The 2030 Private Market Horizons report presents data-driven forecasts of global private capital AUM across drawdown and evergreen funds.

Co-investment rights are driving down revenues at a time of rising costs for PE firms, Bain & Co. survey shows.

Despite private wealth inflows, the traditional fee-free model will be difficult to change.

Asset managers are bringing their retail funds in to underwrite co-investments, leaving a smaller piece of the pie available to pensions and sovereign wealth funds.

Its ‘collaborative model’ saved over $550 million in fees last year. But it may be impossible for other US pension funds to replicate.

Blackstone sets a record in infrastructure secondaries as overall infrastructure-fundraising shifts toward mega funds.

The government-focused HR software platform has been acquired from Warburg Pincus and Carlyle as sponsor-to-sponsor deals grow in PE exit share.

The fund exceeded its $2.25B target on the heels of private equity managers facing a steep decline in Q2 exit activity due to political and economic uncertainties.

Performance Equity Management took about 18 months to close its latest co-investment fund, which features a lower fee structure than a standard PE fund. The firm dropped its management fees even further for select LPs.

The 2029 Private Market Horizons report presents data-driven forecasts of global private capital AUM across drawdown and evergreen funds.

Liberty Mutual’s $100-billion-plus investment arm is transitioning its platform from fund commitments to direct and co-investments.

The New York State Common Retirement Fund committed $2.7 billion to PE funds in November 2024, most of which went to co-investment vehicles.

So far this year, private equity deals with sovereign wealth fund backing have totaled $109.8 billion in deal value.

EQT along with CPP Investments and Temasek, completed the $2.8 billion acquisition of video game services group Keywords Studios.

Calstrs’ policy change will make the pension fund a more competitive contender for co-investment deals alongside top-quartile managers.