Appetite for private equity co-investments is outstripping supply, according to a survey, which shows that 36% of private equity managers have received requests for co-investment rights from more than half of the investors in their latest fund.

A survey of 140 private equity investors and 80 private equity fund managers by data provider Preqin highlights the increasing popularity of co-investments, whereby an investor in a private equity fund invests directly in a deal alongside the fund rather than through the vehicle.