Co-investment minimums vary widely by sponsor and deal size, but predictable patterns hold.
Typical minimums
$100,000 to $250,000 for lower middle market deals; $500,000 to $1 million for larger transactions with institutional involvement.
Allocation discipline
Quality deals are routinely oversubscribed. Sponsors prioritize repeat investors, larger checks, and investors who can add operational value.
How to improve your odds
Subscribe early, communicate clearly about the amount you want, and offer to upsize if shortfalls develop. Showing up reliably on three deals in a row beats negotiating hard on one.
Cuts
Allocation cuts of 20 to 50 percent are common on oversubscribed deals. Plan capital around expected, not requested, allocations.
If you are evaluating a transaction in this space and want a candid second look, Solender Capital is happy to compare notes. Reach out through our contact page and share what you are working on.