April 2026

The LMA is pleased to have published the latest in its series of Fund Finance Insights papers. These are intended to enhance understanding of this asset class. 

This latest paper explores the increasing interest in CFOs in a market where certain institutional investors are seeking rated, capital-efficient access to private funds; sponsors are looking for flexible liquidity tools whilst sourcing a broader base of investors; and there are inefficiencies in the secondaries market.

This paper outlines

• Commercial drivers for CFO structures
• Key players
• Considerations for participants.

March 2026

The LMA has published its latest Fund Finance Insights paper, spotlighting one of the most talked about current trends in private markets: the resurgence of evergreen fund structures. As managers rethink how they raise and deploy capital - and as new investor groups seek access to private markets - the many forms of evergreen models are stepping into the spotlight.

This paper outlines

• How these vehicles work
• What sets them apart from closed end funds
• What managers, lenders and investors need to know now

The Institutional Limited Partners Association (ILPA) has issued a new Continuation Fund Disclosure Template, designed to standardise and clarify the key information LPs typically receive during continuation fund transactions. It builds on ILPA’s 2023 Continuation Fund Guidance and aims to strengthen transparency, reduce potential conflicts of interest, and support a more streamlined roll/sell evaluation process.

The template is intended to complement, rather than replace, materials prepared by GPs and advisers, while directing LPs to relevant supporting documents.  It is intended to promote clearer communication and a more efficient assessment of continuation fund opportunities for LPs.