Sarah Kaehler Published in New York Law Journal

Partner Sarah Kaehler’s article The Staying Power of Continuation Fund Transactions and 'Traditional' M&A Considerations Background was published in the New York Law Journal as part of its Expert Opinion section online and in print on October 27, 2025.  

In the article, Sarah shares that the use of continuation funds as a liquidity opportunity is increasingly being used by private equity firms, especially in today’s slower M&A environment.  

These funds allow general partners to move one or more assets (typically, portfolio companies) from the existing fund to a new one, offering liquidity to existing investors while maintaining upside potential. 

These transactions include many “traditional” M&A provisions, including the scope of representations and warranties (R&W), indemnification obligations, and the use of R&W insurance.  

In the article, Sarah also cites current market data which demonstrates that continuation fund transactions could exceed “traditional” M&A exits in the near future.  

To learn more about Sarah and her work, please visit her bio.