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Fried Frank says it published sponsor takeaways on ILPA’s continuation vehicle guidance
Fried Frank said it published an update for sponsors on ILPA’s finalized continuation vehicle guidance. The firm said its article compares the final guidance with the July 2026 draft and the earlier 2023 version, covering how sponsors and investors might approach continuation fund transactions and the choices offered to limited partners.
Key points
- Fried Frank described the guidance as nonbinding.Fried Frank
- The firm said its update discusses a minimum election period of 20 clear business days.Fried Frank
- Fried Frank said the article examines LP advisory committee oversight and conflicts.Fried Frank
- The firm said its analysis covers pricing, fairness opinions and fee and carried-interest treatment for rolling investors.Fried Frank