
Nigel Dawn - Secondaries in Private Markets (EP.378)
Capital Allocators – Inside the Institutional Investment Industry
Guidance on Continuation Funds and LPs' Concerns
LPs have historically been wary of continuation funds due to conflict transactions but now appreciate the industrial logic of holding onto successful assets. The updated guidance from LPR about a year ago requires offering a status quo option where LPs can stay invested without crystallizing carried interest until the asset is sold, setting guard rails for the market's growth.
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