As the private equity industry grapples with a growing backlog of aging portfolio companies and limited exit opportunities, continuation funds have emerged as a vital solution for generating liquidity and extending investment horizons. These complex, often conflicted transactions, where the GP serves as both buyer and seller, demand rigorous oversight.
This presentation explores the evolving secondaries market and the critical role fairness opinions play in upholding fiduciary duty, ensuring transparency, and protecting limited partners.
