Kyle Harrison
concept

Co-Investments

Co-Investments

Co-investments are the structural appetite Kyle’s Family Office notes keep circling: the desire of LPs and wealthy families to put capital directly into deals alongside a sponsor, rather than only through a blind-pool fund. Both this page and Family Office carry the same saved ai-CIO link on “investors seeking support for private-equity co-investments,” and the Family Office page ties the two together explicitly — co-investing is the mechanism by which family offices get the direct-deal access that Kyle Gay of Kensington Permanent Capital said they “DO want.” Gay’s caution applies here too: most family offices lack the deal flow and operational muscle to source and run direct buyouts themselves, which is exactly why co-investment alongside a capable sponsor is attractive — they get direct exposure and dividends/cash flow without owning the whole “lot of freaking work.”

Context: A co-investment is an investment made directly into a target company by a fund’s limited partner (or another investor) alongside the lead sponsor, usually at reduced or no fees and outside the main fund vehicle. It is a common way for institutional LPs and family offices to increase exposure to deals they like while lowering blended cost.

Where this appears

  • Family Office — co-investments are the direct-deal access family offices want; shares the saved ai-CIO link on investors seeking support for PE co-investments.

Quick Capture links — June 18, 2026

Links Kyle saved to this topic on June 18, 2026 (manual capture batch).