In a recent video interview, Udi Grofman, co-head of the Private Funds Practice Group at Paul, Weiss, Rifkind, Wharton & Garrison LLP, discussed four important aspects of co-investments in the hedge fund context: why allocators are interested in co-investments and why hedge fund managers are using them; hedge fund strategies in which co-investments make the most sense; legal, regulatory and structuring considerations; and disclosure issues.  This article summarizes Grofman’s insights on co-investments.  See also “Co-Investments in the Hedge Fund Context: Fiduciary Duty Concerns, Conflicts and Regulatory Risks (Part Three of Three),” Hedge Fund Law Report, Vol. 7, No. 9 (Mar. 7, 2014).