Fundraising challenges have led General Partners (GPs) to seek answers regarding Limited Partners’ (LPs) desires, which increasingly include co-investment opportunities. While LPs benefit from lower fees and greater control over investments, GPs also leverage co-investments to support portfolio companies and execute larger deals. This trend is growing across various asset classes, driven by LP sophistication and the need for capital in sectors like energy transition. Co-investments enhance relationships between GPs and LPs, providing access to better deals. Despite fundraising fluctuations, the demand for co-investments is expected to persist, reflecting a shift in institutional investment strategies.