At a glance
- The portfolio company was not named, and terms beyond the vehicle's size were not disclosed.
- In a continuation vehicle, assets from an existing fund move into a new vehicle, and investors are typically offered a rollover into it or a cash-out.
- For allocators weighing a rollover, the decision depends on the discount or premium to net asset value and on how much of the investor base elects to roll.
AE Industrial closed an $850 million continuation vehicle holding a defense parts distributor, Alternatives Watch reported.
The portfolio company was not named, and terms beyond the vehicle's size were not disclosed. In a continuation vehicle, assets from an existing fund move into a new vehicle, and investors are typically offered a rollover into it or a cash-out.
For allocators weighing a rollover, the decision depends on the discount or premium to net asset value and on how much of the investor base elects to roll.
Reported by the GP-led deals desk from Alternatives Watch. Published . Corrections