Continuation funds, i.e. the establishment of new vehicles by the GP in order to hold on to an asset, have become increasingly popular. The new ILPA guidance calls for GPs to pursue processes and deal structures that maximize alignment and LP engagement.
Here are some of the key takeaways:
We see a move towards more assets being put into continuation funds and we are excited to be part of the development of these terms and processes.
If you want to know more, please feel free to contact us.
The Institutional Limited Partners Association (ILPA) is a global association dedicated to advancing the interests of LPs in private funds.
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