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ARTICLE · 11 MARCH 2025

Navigating Continuation Funds In Private Equity

Webber Wentzel
Webber Wentzel
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Webber Wentzel

Webber Wentzel

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Conduct a thorough valuation of the portfolio assets being transferred to determine their fair market value. This provides the pricing mechanism for the continuation fund.

South AfricaFinance and Banking
Nicole Paige
Nicole Paige

Continuation funds are rapidly becoming a game-changer in private equity, representing a more nuanced approach to managing investments beyond their original term. They provide fund managers with a variety of opportunities, while also presenting complexities that demand careful navigation.

PRACTICAL REASONS TO FORM A CONTINUATION FUND:

Continuation funds have a growing presence in the secondaries market. Globally, continuation funds represented approximately 12% of sponsor-backed exit volume in 2023, up from 7% in 2022. Continuation funds are expected to hit critical mass in 2024, with Pitchbook projecting exits via continuation funds to surpass 100 such transactions in 2024. This rapid rise can be attributed to the numerous advantages they offer both managers and investors.

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