Since March 2022, when the Federal Reserve initiated rate hikes in response to inflation, borrowing costs have generally increased. However, interest rates have begun receding in recent months fueling a wave of refinancing and repricing activities, including dividend recapitalizations (“Dividend Recaps”), a transaction wherein a company borrows money to pay…

In the dynamic world of private equity, continuation funds have become a crucial tool for tackling liquidity issues and enhancing value creation. With traditional exit strategies like IPOs and M&A transactions encountering more hurdles, private equity firms are increasingly relying on continuation funds to prolong the lifespan of their investments,…