• Lay Hong Lee, Managing Director, Flexstone Partners
• Vincent Hsu, Partner, StepStone
• Desmond Lee, Business Unit Partner, TPG NewQuest
• Kavitha Nair, Senior Reporter, DealStreetAsia [Moderator]

As Asia’s private equity ecosystem continues to evolve, continuation vehicles are increasingly becoming a pivotal instrument for both General Partners (GPs) and Limited Partners (LPs) seeking to extend the lifecycle of high-performing assets beyond the traditional fund timelines. The institutionalisation of value through continuation vehicles allows for a more structured and deliberate approach to operational improvements, strategic growth initiatives, and governance enhancements that might be difficult to fully realise within the compressed timeframe of a typical fund cycle. This panel will delve into how continuation vehicles are helping to bridge the gap between short-term exit pressures and long-term value realisation, particularly in the context of Asia’s unique regulatory environments, market fragmentation, and rapidly expanding middle-market opportunities.