Our colleague Nils Bennemann, Partner Deutsche Private Equity (DPE), had the pleasure of participating in a panel on #ContinuationFunds at the #Superreturn in Berlin last week and sharing his experience with DPE CF I.
I had the pleasure of moderating a thought-provoking panel on #ContinuationFunds at #SuperReturn in Berlin! 👏 Thank you to Nils Bennemann, Vaishnavi Katamreddy, Lucas Fischer, Sunaina Sinha for your sharp insights, and to the audience for the fantastic engagement. Continuation vehicles, also called GP-led secondaries, have gained traction in recent years to offer investors liquidity in a landscape where IPOs, M&A, and buyouts aren’t always viable. However, these transactions require the balancing of interests of different investor groups, from those rolling their stakes, exiting, or getting into the game. Given the GP’s dual role as buyer and seller, conflicts of interest need to be carefully managed, and timely disclosure and valuations are critical to achieve fair outcomes for all. These topics are at the heart of the work of the Standards Board for Alternative Investments (SBAI), and our ongoing #consultation on #Valuation in private market assets is an important step to drive robust practices and increase investor trust. 📢 Read and respond to our public consultation here by 30 June 📅 🔗 https://lnkd.in/eGYa3NQF We would love to hear your views: what else is needed to improve outcomes for everyone involved? #PrivateMarkets #Secondaries #Transparency #Disclosure #Governance
