Cerulli said asset owners are planning to increase co-investments as institutional investors put greater weight on access when choosing managers.
That shift is tied to a broader total-portfolio approach, with investors increasingly weighing public and private assets together rather than in separate buckets.
Falling barriers between public and private markets are accelerating the move, as investment silos continue to break down across institutional portfolios.
The trend points to manager selection becoming more dependent on private-market access and co-investment opportunities, not just standalone fund performance.
With investment silos crumbling, what new models can truly measure risk across both public stocks and private deals?
As private equity enters ETFs, are retail investors gaining opportunity or just inheriting institutional risk?
How is Mexico's manufacturing boom reshaping the calculus for North American private investment beyond 2026?