# E356: Why Co-Investments Are Taking Over Private Equity

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Text version: https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713/e356-why-co-investments-are-taking-over-private-equity.md
Podcast: [How I Invest with David Weisburd](https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713)
Published: 2026-04-27T12:45:00+00:00
Episode link: https://howiinvestpodcast.com/episodes/gqkyTaQz3Bf
Audio file: https://dts.podtrac.com/redirect.mp3/media.podcastai.com/episodes/gqkyTaQz3Bf.mp3?u=1777296618
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Duration seconds: 2078

## Resource

What if the next source of alpha in private equity isn’t funds—but individual deals? In this episode, I sit down with Rohan Parikh, Vice President at Houlihan Lokey, to discuss the rapid rise of co-investments and why they are becoming a core part of institutional portfolios. Rohan explains how extended fundraising cycles, larger deal sizes, and slower distributions have created a “perfect storm” for deal-by-deal capital, why LPs are increasingly treating co-investments as a standalone asset class, and how independent sponsors are reshaping the market. We also explore underwriting frameworks, alignment, and how relationships, not just returns, drive long-term success in this segment of private markets.

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## Transcript

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