Continuation Funds
A Must-Attend Industry Event Covering the Legal and Tax Aspects of a Continuation Fund Transaction
Secondaries School serves to empower fund sponsors and investors by providing the knowledge necessary to navigate these unique transactions with confidence.
This session of Proskauer's Secondaries School in New York focuses on the economic, legal and tax aspects of continuation funds. Our unique platform will deepen your understanding of the nuts and bolts of these transactions, unveil the complexities and intricacies of these deals from the perspective of GPs, buyers and sellers, and will be led by Proskauer's top-ranked secondaries team. We welcome private fund sponsors, secondaries investors and intermediaries to this teach-in event.
Registration I 8:30 a.m. - 9:00 a.m. EDT
Program I 9:00 a.m. - 12:00 p.m. EDT
Breakfast will be served
Join us for deep-dive discussions on continuation funds:
- Pros and cons of various GP-led solutions from the perspective of sponsors, existing LPs, and new investors
- From launch to closing, the process and timeline for a continuation fund transaction
- Overview of key documents including marketing materials, disclosure materials, transaction agreements and LPAs
- Continuation fund best practices
- Market terms for continuation funds
- Complexities of structuring continuation funds, including blocker issues and QSBS issues
As a market leader in secondaries transactions, our team advised on 400+ secondaries transactions that closed with aggregate total deal values exceeding $60 billion over the past year. As noted by Secondaries Investor in its 2023 survey, “Proskauer Rose provided counsel to the highest number of transactions of all law firms.”
Our market-leading global secondaries team provides in-depth advice on all aspects of the secondaries market. We have counseled a large segment of the secondary market since the dawn of the secondaries industry. Our expertise covers all types of transactions, including GP-led liquidity solutions (including single and multi-asset continuation funds, strip sales and spin outs), tender offers, direct secondaries transactions, preferred equity deals and some of the largest bulk purchases and sales of interests in the history of the secondaries market.
Given our vast market knowledge and experience representing GPs, buyers and sellers across all sectors and geographies, the breadth and depth of our practice ensures that we are uniquely positioned to provide our clients with innovative commercial solutions to the most complex transactions in the market.
CLE:
Proskauer has been certified by the New York State Continuing Legal Education Board and the State Bar of California as an Accredited Provider of continuing legal education.
This transitional, participatory, continuing legal education course has been approved for newly admitted and experienced attorneys for a maximum of 3.0 credit hour in the following categories:
New York: Professional Practice
California: General MCLE
Please note: CLE programs require attendees to participate via web link, not only audio dial in. Verification prompts appear on screen to confirm participation.
