Continuation Vehicles

Continuation vehicles present an interesting opportunity for fund finance, but concentration risk and a reluctant investor base pose a challenge.

Developments including the evolution of use cases and a wider universe of lenders are creating a more flexible yet complex ecosystem.

The growth of continuation vehicles, evergreen funds and securitisation are contributing to the changing face of the fund finance market.

Edward Beecham and Megan Livingstone, co-heads of fund finance at Corpay Private Markets, examine various key sources of demand.

The second-quarter equity fundraise for credit of $1.8bn was about one-tenth of last year’s.

The industry body’s prior guidance was ‘silent on a lot of things’, chief executive Jennifer Choi tells affiliate title Secondaries Investor.