LPs Look to Blindpool Fund Side Letters for More Visibility on CVs: Morgan Lewis – Updated, Secondaries Investor

Secondaries Investor covered remarks by partner Courtney Nowell at Morgan Lewis’s 12th annual London Private Investment Funds Summit, where she spoke on increasing limited partner (LP) demand for greater visibility and longer decision timelines in continuation vehicle (CV) transactions.

Courtney noted that compressed election periods can create practical challenges for investors, particularly those without advisory committee representation, limiting their ability to secure internal approvals, and affecting deal outcomes.

Courtney stated, “If investors do not have a seat on the limited partner advisory committee, the election period to make a decision on whether to roll or sell into a CV is excruciating, particularly if there’s a stapled commitment.”

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