The objective of Fisher Lynch Capital’s co-investment funds is to deliver superior private equity returns to investors by selecting top-performing direct portfolio company investments, with economic terms that are enhanced relative to primary fund investments. To achieve this goal we pursue a focused approach of working with a large global network of financial sponsors, conducting a collaborative due diligence and investment process, and carefully constructing diversified portfolios. We additionally have the flexibility to pursue a variety of investment strategies and to make investment commitments ranging from $10 million to $100 million. The Fisher Lynch Capital co-investment team is one of the most experienced and successful in the private equity industry, having invested more than $1 billion in over 50 co-investments and direct investments while generating top-quartile returns over several market cycles.

The core elements of our co-investment strategy include:

Partnering with Top-Tier Sponsors

Through the relationships of our investors and our own networks, Fisher Lynch Capital receives co-investment opportunities from leading private equity fund managers headquartered in the United States, Europe, and Asia. For these private equity managers, we seek to be a true partner that enables the successful completion of their transactions through our experience, execution capability, substantial capital, and limited governance expectations. In turn, Fisher Lynch Capital seeks to provide its investors with highly selective, top-performing direct private equity portfolio company exposure.

Collaborative Diligence and Investment Process

Based on our years of co-investment experience, the Fisher Lynch Capital team has developed what we believe is a best-in-class due diligence and investment process. We match our due diligence timeline to that of the private equity sponsor and can respond rapidly to even the most time-intensive situations. Similarly, we seek to leverage the due diligence of the private equity sponsor and not duplicate or complicate this essential part of the investment process. Finally, we provide transparency throughout a transaction concerning our investment decision-making. The Fisher Lynch Capital team has repeat co-investment experience with multiple sponsors, which is a testament to our collaborative investment process.

Diversified Portfolio Construction

In our effort to manage downside risk while seeking to deliver superior private equity co-investment returns, we construct well-diversified portfolios for our investors. Fisher Lynch Capital carefully selects co-investments to deliver diversification by year of investment, industry, stage of development, transaction size, and private equity sponsor to ensure that each portfolio is not overly exposed to a particular macro or secular risk. Like with our funds-of-funds, we build co-investment portfolios that the team believes are diversified enough to appropriately manage concentration risk, but not so diversified as to dilute exposure to the best investment opportunities.

Investment Focus and Flexibility

Fisher Lynch Capital has significant flexibility in the types of co-investment opportunities it considers on behalf of its investors. While we primarily focus on leveraged buyout and growth equity transactions, we do consider venture capital, mezzanine, distressed, and other strategies. We can tailor the amount of capital necessary for a specific situation, with an investment range of $10 million to $100 million and the ability to invest in stages as necessary. We seek to invest globally and exclusively in opportunities without fees or carry charged by the sponsoring private equity manager. Our primary focus is on investing alongside private equity sponsors with whom our investors or we have relationships and that are proven to be superior performers in their given sector.