As private equity exits remain difficult in an uncooperative market, GPs and LPs alike are frustrated. General partners want the right price for their holdings as a way of resetting the clock on investments and retaining the ones they believe still have upside. Meanwhile, limited partners want to recoup capital.Rather than force a sale at a discount, more GPs are turning to continuation vehicles as a way of “creating a stopgap” that mitigates the liquidity problem facing investors.
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