Institutional investors are increasing their use of co-investments in private markets, according to research from Cerulli.

Cerulli Associates said co-investment access is becoming an increasingly important factor for institutional investors when selecting private market managers. Institutional investors are using co-investments not only to reduce fees but also to gain more visibility According to the firm’s latest Cerulli Edge US Institutional Edition report, a net 16% of asset owners expect to increase allocations to co-investments over the next 24 months. The report found that 19% expect to increase allo