Latest news with #continuationfunds
Bloomberg
10-07-2025
- Business
- Bloomberg
Why Buyout Giants Are Investing in Each Other's Deals
A sputtering public offering pipeline and lingering dealmaking drought has private equity firms thinking a little smaller. More buyout shops are raising money to buy pieces of companies that other private equity firms can't or don't want to completely offload. The assets are landing in so-called continuation funds, which allow old investors to cash out and give new investors an opportunity to cash in.
Bloomberg
08-07-2025
- Business
- Bloomberg
New Mountain Targets $2 Billion for Debut Secondaries Strategy
New Mountain Capital aims to raise as much as $2 billion for a new secondaries strategy that will back single-asset continuation funds from other sponsors. The money manager has begun pitching investors and expects to collect the capital across the fund as well as through co-investment commitments, according to people familiar with the matter. The co-investments will allow fund investors to commit additional capital to specific deals, the people said, asking not to be identified because the details are confidential.
Bloomberg
05-06-2025
- Business
- Bloomberg
Private Credit Rolls Loans Into New Funds to Pay Back Investors
Private credit firms are flooding the market with continuation funds, as a lack of mergers and acquisitions, a fundraising drought and US tariff-induced volatility force them to find other ways to return cash to investors. These vehicles are a type of secondary transaction, once reserved for private equity firms that needed to hold on to their investments longer. Managers can roll over an existing portfolio of assets into a new fund with new investors. Existing limited partners can cash out without waiting for loans to be paid off or refinanced.
