continuation fund
C2CEFR level
92/100Rarity: very rare
TechnicalRegister
A new vehicle a manager raises to buy assets from its own maturing fund, letting existing investors cash out or roll over.
Rather than a fire sale, we moved the two crown-jewel assets into a continuation fund and let LPs elect.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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