Continuation funds, structured cleanly
Single-asset and multi-asset continuation vehicles with LPAC coordination, valuation provenance, LP transition workflows and transparent ongoing reporting.
Continuation funds are one of the fastest-growing segments of private capital and one of the most operationally demanding. LPACs need clean valuation provenance. Existing LPs need a clear election workflow. Incoming secondaries investors need diligence-ready data. The new vehicle then needs its own ongoing governance and reporting. Reuben AI provides the operating layer for the entire process from initial structuring through the new vehicle's life.
Why this vehicle needs purpose-built infrastructure
LPAC scrutiny is intense. Continuation fund transactions face heightened LPAC and regulatory scrutiny. Valuation methodology, conflicts disclosures and process documentation must be airtight.
LP elections are time-sensitive. Existing LPs need to elect to roll, sell or take a structured option within tight windows. The election workflow needs to be auditable and respect each LP's side letter.
Incoming investors need diligence-grade data. Secondaries buyers expect clean, structured access to portfolio data, fund history and valuation evidence. Spreadsheet exports do not pass diligence.
The new vehicle starts fresh. The continuation fund itself needs its own governance, reporting cadence and LP communications from day one in the new structure.
How Reuben AI handles it
Structured GP-led process
End-to-end workflow from initial LPAC discussion through pricing, election, close and transition. Every decision and conflict disclosure timestamped with provenance.
Valuation provenance
Underlying asset valuations supported by structured evidence, third-party marks and methodology documentation. Audit-ready for LPAC and regulatory review.
LP election workflow
Each existing LP receives a structured election interface with their pro-rata, side letter terms and election deadline. Elections recorded with timestamps and full audit trail.
Diligence data room for incoming investors
Permissioned access to portfolio company data, fund history and financial records for prospective secondaries investors, with logging of every document accessed.
New vehicle operations
Once closed, the continuation fund operates on the same platform with its own governance, LP reporting cadence and portfolio monitoring.
Related solutions
Common questions
Does Reuben AI handle single-asset continuation funds?
Yes. Both single-asset and multi-asset continuation vehicles are supported with structure-aware workflows and reporting.
How are LPAC conflicts documented?
Conflicts disclosures, LPAC discussions, voting records and approvals are all captured with timestamps and participant lists, producing an audit-ready record of the consent process.
Can incoming investors run their own diligence?
Yes. Permissioned data room access lets prospective secondaries investors review portfolio data, valuations and fund records under NDA, with full access logging.
See Continuation Funds in Reuben AI
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