Wingate pushes co-investment
Co-investment is growing in popularity among high-net-worth and institutional investors, according to specialist investment firm Wingate Group.
The firm's principal, Farrell Meltzer, said investors were looking for alignment of interest and ‘skin in the game' on the part of those managing their money.
"Gone are the days of investment professionals making money irrespective of whether their investors do or not," he said.
"We are seeing our co-investment partners - who themselves manage very large pools of capital - interested in investments that they can't access on their own but that will add to their portfolios without materially increasing risk or the burden of management and monitoring."
He claimed this level of interest had been reflected in demand for its private investment partnership product, Wingate Investment Partners Trust No. 1.
Meltzer said the trust had been originally created so that the company's could reinvest their Wingate Holdings dividends in a vehicle that co-invested alongside the group and which provided access to investments made by the group.
"We are seeing continuing high levels of demand from co-investors for a diversified portfolio of generally high yield investments across several asset classes and sectors that add another dimension to their existing portfolio," he said.
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