Co-investment and carried interest programmes have moved decisively into the mainstream across private markets, bringing with them rising operational, governance and reporting complexity.
As firms expand across jurisdictions, structures and participant bases, the administration of waterfalls, allocations, disclosures and incentive frameworks is becoming a strategic function rather than a back-offi...
The narrative presents a compelling case for the growing complexity and strategic importance of co-investment and carried interest programs in private markets. At its strongest, it highlights a legitimate shift in operational demands, driven by expansion, regulatory pressures, and investor expectations. The focus on benchmarking and identifying best practices suggests a constructive effort to address real challenges in the industry.
However, the framing leans heavily on the assumption that these...