Continuation Funds in Private Equity: Benefits, Risks, Structuring Considerations, Market Developments
Improving Liquidity, Maximizing Potential of High-Performing Assets, Managing Conflicts, Navigating Regulatory Scrutiny
A live 90-minute premium CLE video webinar with interactive Q&A
This program will discuss the market developments that have led to the rise in continuation funds in private equity. The panel will address the benefits and challenges associated with continuation funds and provide guidance for navigating the inherent conflicts of interest and structuring challenges with these complex transactions.
Outline
- Overview: the rise and evolution of continuation funds in today's private equity market
- Benefits and risks associated with continuation funds
- Structuring considerations
- Regulatory concerns and uncertainty
- Negotiating and forming continuation funds
- Practitioner pointers and key takeaways
Benefits
The panel will address these and other key considerations:
- How have continuation funds evolved and gained momentum in recent years?
- What are common continuation fund structures and strategies?
- How can conflicts of interest be managed in a continuation fund transaction?
- What are the key regulatory considerations relating to continuation funds, and what are best practices for managing these issues?
Faculty
Ruth Jin
Member
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo
A strategic adviser to many alternative asset managers and sponsors globally and their management teams, Ms.... | Read More
A strategic adviser to many alternative asset managers and sponsors globally and their management teams, Ms. Jin’s practice focuses on investment fund formation, liquidity strategies, governance, investment transactions, and securities offerings. She has formed, structured, restructured, and advised numerous private funds, guiding them through complex legal landscapes, including a spectrum of secondary transactions, asset manager acquisitions and dispositions, regulatory examinations, and dispute resolutions. In addition, Ms. Jin has more than two decades of experience advising businesses at every stage of growth — from startups in their early capital-raising phases through to IPOs, alternative public offerings, and beyond — helping them navigate the intricacies of securities transactions, compliance, and periodic reporting. She speaks frequently at industry conferences and contributes to legal publications, sharing thought leadership on emerging trends and regulatory developments.
Close
James Manzione
Partner
DLA Piper
Mr. Manzione focuses his practice on tax matters involving funds, real estate, capital markets, financing, and mergers... | Read More
Mr. Manzione focuses his practice on tax matters involving funds, real estate, capital markets, financing, and mergers and acquisitions. He has represented numerous funds, real estate developers, REITs (both public and private), sponsors, managers, general partners, limited partners, family offices, portfolio companies, international investors (including sovereign wealth funds), and tax-exempt investors in connection with the tax aspects of a full range of transactions and planning opportunities.
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Adam S. Tope
Partner
DLA Piper
Mr. Tope advises secondaries firms, investment fund sponsors, and investors on fund formation and secondaries... | Read More
Mr. Tope advises secondaries firms, investment fund sponsors, and investors on fund formation and secondaries transactions. Having completed more than 250 secondaries transactions in his career, he has significant experience with pooled sale/purchase transactions and GP-led restructurings. Mr. Tope’s secondaries clients include lead investors in connection with GP-led and other complex secondary transactions and buyers and sellers in connection with the purchase and sale of fund interests. His sponsor-side clients include prominent and emerging private equity, infrastructure, energy transition, real estate, venture capital and hedge fund sponsors. Mr. Tope advises in multiple areas, including the drafting of offering memoranda, negotiations with investors and Investment Advisers Act and Investment Company Act compliance. He brings a global perspective to his practice, having represented managers and investors in dozens of jurisdictions. Mr. Tope has worked with spin outs from Apollo, Carlyle, Riverstone, Summit Partners, and others. He has a deep understanding of how principal compensation is structured and can guide principals in negotiating vesting arrangements, key person/for cause removal rights, and rights to carried interest/promote. He is experienced representing managers in connection with negotiations with anchor and lead investors and GP-stakes transactions. Mr. Tope’s investor-side clients include allocators, family offices, funds of funds, endowments, sovereign wealth funds and royal families. He represents these investors in dozens of transactions in nearly every jurisdiction on an annual basis.
CloseEarly Discount (through 08/29/25)
Cannot Attend September 26?
Early Discount (through 08/29/25)
You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.
