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As continuation vehicles grow in scale and complexity, sponsors face mounting pressure to prove that deals are fair to both selling and rolling investors.
Arlington is betting on government-services businesses even as PE buyers grapple with slower deal flow, political spending cuts, and a shifting landscape that has turned a once-defensive sector into a complex test of strategy and scale.
LPs are directly investing in individual continuation vehicles while a growing number of GPs are selling minority slices of their firms to generate liquidity.
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