Significant growth in continuation funds is creating opportunities for specialized fund financing vehicles, according to a recent report by PEI. Single-transaction, commitment-backed facilities, hybrids, and NAV deals have all found specialized applications. But while the current investment landscape supports the need for financing, the optimal configuration of asset-level, fund-level, and investor-level financing can be a bit of a puzzle.

More on that in Hybrids and NAV loans offer unique uses in continuation funds.