EY-Parthenon on recent trends in continuation funds

09 december 2025
Offered by:
As continuation funds move from niche to mainstream, they promise liquidity and extended value creation. But do they always deliver fair outcomes? EY-Parthenon has explored this question in their latest article. Continuation funds can unlock growth and optionality for investors, yet they also raise critical valuation challenges and conflict-of-interest risks. Transparency and independent validation are key to making these deals a true win-win. What you need to know:
  • Global GP-led secondary transactions grew significantly in the recent years.
  • Continuation funds deliver performance comparable to more traditional PE structures.
  • Dutch market is also embracing continuation funds.
  • Regulatory scrutiny is rising – fairness opinions are no longer optional.
Explore in more detail by downloading the article.