Continuation funds bring alternative option for PE exits

Typically, when a private equity fund approaches its contractual culmination point, it will seek to sell its assets, but this may not be possible or desirable at that moment. Establishing a continuation fund is an alternative, Laurent Capolaghi, partner and private equity leader at EY Luxembourg, explained in this Q&A. One third of the top 50 PE houses are considering this alternative option, he estimates.