Continuation & Secondary Vehicles
Liquidity solutions for existing holders and re underwritten extensions of high conviction assets requiring additional runway.
Continuation & Secondary Vehicles offer two complementary roles: providing liquidity to existing holders of mature assets, and extending the runway of high conviction positions through fresh capital re underwriting.
The structure suits allocators seeking entry into proven assets with shorter remaining hold periods and clearer exit visibility.
- 01New SPV (continuation vehicle) acquires interests from the legacy SPV at an independently advised price.
- 02Existing holders elect to roll, exit, or partial exit; new investors subscribe into the continuation vehicle on fresh terms.
- 03Governance, fee structure, and exit horizon are re set for the new vehicle.
- Secondary focused allocators and funds of funds
- Family offices entering proven assets with shorter holds
- Existing investors electing to roll a portion of their position
- Valuation discipline is critical to fair transfer pricing
- Concentration risk if continuation portfolio is narrow
- Conflict of interest management between legacy and new investors
- Quarterly operating and financial reporting on the continuation portfolio
- Annual audited financials
- Distribution and exit notices
Co Investment SPVs
Deal by deal equity participation in selected transactions alongside Kingdom Capital and operator partners.
Evergreen Capital Vehicles
Open ended vehicles offering periodic subscription and redemption windows for long horizon allocators seeking diversified exposure.
Tokenised Asset Participation
Regulated tokenised interests in underlying SPVs, providing programmable distributions and transferability within permitted investor pools.