Continuation vehicles in the small and mid-market:

As their relevance continues to grow, so do the demands placed on investors. The success of a continuation vehicle is not determined solely by valuation and transaction structure. Equally important are the quality of the underwriting process, a compelling transaction rationale, robust governance structures, and whether the sponsor, management team, and investors are well positioned for the next phase of development.

In his guest article, Thomas Hallinger, Managing Director Secondaries at Golding, discusses seven key questions investors should carefully consider when evaluating GP-led secondaries and explains why independent analysis can be a critical driver of investment success, particularly in the European small and mid-market.

Read the full article by Thomas Hallinger, published in Zeitschrift für das gesamte Kreditwesen (ZfgK).