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      "text": "As crucial as an LP's capital can be to making an acquisition possible, co-sponsorship is still limited to a relatively small number of institutions...",
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      "text": "Notes: Includes deals with disclosed value; excludes real estate and infrastructure, PIPEs and add-on transactions. Sources: Preqin; Bain analysis",
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      "text": "Figure 2.11: Co-sponsorship is the leading form of LPs' direct investment, particularly for larger deals",
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