Continuation Vehicles
topic on 2 shows · 5 statements across 5 episodes
5 statements about Continuation Vehicles, every show
Madorsky: Post-2022, LPs shifted focus from top valuations to liquidity
“But beginning in 2022, where liquidity really dried up in the market, limited partners recognized the value of the secondary market to drive liquidity in their portfolios. So, rather than saying, we don't feel like we're getting top dollar, I think a lot of li…”
Randle: Institutionalization of VC will drive a surge in continuation vehicles
“As venture kind of becomes more, more institutionalized we're gonna see a lot more of them, for sure.”
Charles: PE buyers are now suspicious of assets sold without continuation vehicles
“Well, now, if I'm a sponsor, and I'm getting a book from another sponsor, and they're not CV-ing it, I'm a little suspicious.”
Fink: Private equity continuation vehicles and NAV loans are not going away
“I had an aha moment recently where I think these are going to become more and more parts of the universe going forward.
They're not going away.”