  The large level limit of the $\mathcal{N}=2$ ${\rm SO}(2N)$ Kazama-Suzuki
coset models is argued to be equivalent to the orbifold of $4N$ free fermions
and bosons by the Lie group ${\rm SO}(2N) \times {\rm SO}(2)$. In particular,
it is shown that the untwisted sector of the continuous orbifold accounts for a
certain closed subsector of the coset theory. Furthermore, the ground states of
the twisted sectors are identified with specific coset representations, and
this identification is checked by various independent arguments.
