Strong continuation fund activity faces some headwinds

Kohlberg and Co latest to launch inaugural $1bn+ continuation vehicle.

GP-leds: Kohlberg & Co closed its first continuation fund vehicle, continuing a spate of such inaugural vehicles in recent months. GP-leds represent a majority of the secondaries market right now, but a strong outlook for LP-side deals may challenge its momentum, writes Michael Baruch.

Email prepared by Graham Bippart