News & Events

Partner Lauren King was quoted extensively in an article titled, “ILPA Guidance Promotes Equitable Framework for Continuation Fund Transactions,” which was published by Private Equity Law Report. Lauren discussed key takeaways from the Institutional Limited Partners Association’s (ILPA) recent guidance on continuation funds (ILPA Guidance), which praises the optionality that continuation funds can provide while also offering a framework to alleviate time pressures, reduce inherent conflicts and promote increased alignment in the transactions. When discussing how the Guidance will add to the healthy growth of continuation funds because increased acceptance and more standardized practices will make it easier for GPs with limited resources to use them, Lauren noted that “Encouraging consistency while preserving flexibility streamlines the process because the parties’ expectations will be more aligned at the outset, which drives costs down, increases efficiency and is positive for everyone involved.”

To read the full article, please click here (subscription required).