medium · Private Equity
A sponsor is considering a 'GP-Led' secondary transaction (Continuation Vehicle) for a star portfolio company valued at $400m. LPs are given the option to 'Roll' or 'Cash Out.'
If 60% of LPs elect to roll into the new vehicle, what is the total amount of 'New Secondary Capital' required to fund the transaction?
- 400m
- 160m
- 120m
- 240m
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