Co-investing in private equity is a global trend
David Kilshaw, Partner at Ernst & Young LLP, comments on the rise of families co-investing in private equity.
What is your advice to families considering co-investing in a private equity deal?
The clients must make sure they undertake full and proper due diligence and full arms length enquiry.
What can go wrong?
A failure to look beneath the surface and failure to make full enquiry. It is important to ensure all parties have the same investment objectives and timelines.
Is this a trend that you have seen a rise in?
Yes, and I see more co-investment between families as well.
If so, what type of private equity investments are UHNW or families in business interested investing in?
Life sciences is a popular area but the main driver is the experience of the family.
Is it mainly Chinese and Russian family offices?
No, we have seen this being a global trend, e.g. Brazil.
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