Continuation Funds: Considerations for Limited Partners and General Partners
The increasing prevalence of continuation fund transactions underscores the need for enhanced transparency and standardised practices to ensure their effectiveness and smooth execution.
The Institutional Limited Partners Association (ILPA), in collaboration with limited partners (LPs), general partners (GPs), and industry experts, has developed guidance on continuation funds to establish a framework for successful transactions.
The new ILPA guidance emphasises the importance of GPs adopting processes and deal structures that prioritise alignment and active LP engagement.
The Institutional Limited Partners Association (ILPA) is the leading trade association for institutional limited partners in the private equity asset class.
Please click here for a link to their recently released guide for best practices when considering creating or investing in a continuation fund.
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