Does anyone work in PE? Have access to co-invest?

Taking a new position with a PE firm (not a member of the investment team), and have been told that I have the option to co-invest in their next funds (which don’t close until a few more months). I have very much been a boring index fund investor who has focused on tax advantaged accounts and paying off student loans, but this option may change my approach.

I am seeking advice from others on how they think about co-invest. Carry may become an option with another promo (2yr horizon), but that’s currently off the table. Secondly, during the interview process one of the partners mentioned that they offer 0% interest loans for co-invest, with payment not due until fund exit (or you leave). I realize that loan is handcuffing me to a job, but the leverage is attractive.

This firm has had some of the best returns in PE over the past decade - TBD if they can keep it up.


I’m thinking about throwing $X amount into the funds, let it ride until the fund closes, and hopefully $X goes to $Y. Before doubling down with $Y for the next funds, I would calculate what $X would have yielded me in a more vanilla portfolio, and take $X plus its vanilla yield (or just the yield) off the table and back into my normal brokerage.

Currently no kids, and wife has a stable, high paying medical field position that is not under AI threat anytime soon, so we have the flexibility to deal with an illiquid position.