By Marceau VISANO, Counsel, and Johanna FOURNIER, Associate, DLA Piper
The most recent years have shown an increasing popularity of co-investment transactions across the funds industry. A co-investment opportunity is usually an investment offered by the fund manager of the main fund to the limited partners to invest alongside with it. Co-investment opportunities are attractive for both the fund manager and the limited partners as they provide direct access to hand-picked deals in selected profit-making companies and industries. However, the fund manager and the limited partners usually have their own interests when it comes to participating in co-investment transactions, sometimes resulting in potential opposing interests.
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