According to Hamilton Lane, the rise of co-investments and evergreen funds is lowering barriers to private equity amid a challenging fundraising landscape. While overall fundraising has declined by 10% annually over the last three years, co-investment opportunities have surged by 48%. These alternatives attract a broader range of investors, particularly new entrants like private wealth funds. Evergreen funds, which allow easier withdrawals, are expected to grow significantly, projected to reach 20% of private markets by 2035. This trend highlights a more accessible private equity market, although the sustainability of such access post-fundraising recovery remains uncertain.