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Continuation vehicles under inspection: Getting valuation and audit right

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Why defensible valuations, strong governance, and a clear audit trail matter in GP-led transactions.

Key takeaways

Continuation vehicles create unique valuation challenges because the fund sponsor is effectively involved on both sides of the transaction. As a result, the transaction price alone may not be sufficient evidence of fair value.

Fund managers should be prepared to:

  • support and defend the transaction price through a

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