Continuation vehicles have become an established tool for GPs to manage portfolios and to address diverse liquidity needs among a cohort of investors. Their frequency and complexity have proliferated, which has put the spotlight on their transparency, and governance. To address these industry concerns, ILPA has decided to update its existing guidance to provide greater detail on their process integrity.
The new draft guidance aims at addressing core topics such as process integrity, election options, management of conflicts, pricing validation and transparency. We encourage LPs, GPs, and all other active industry participants to share their perspectives to ensure the guidance remains responsive to current needs.
*It is recommended that you review all draft guidance materials for full context, though we welcome feedback on any or all of them.
