LP Insight

Continuation funds aren’t the only strategy firms are using to generate liquidity for LPs. Others include strip sales, preferred equity deals and tender offers.

As StepStone looks to expand its VC offering by acquiring Greenspring, the combined firm will make investment decisions by way of a joint investment committee.

Rising valuations and other factors have boosted the alternative strategy in recent years as more venture firms consider adding them to their repertoire. So far, LPs are responding positively.