The Executive American

Limited Partners

2 articles

Editorial illustration for Continuation Funds Explained: How GP-Led Secondaries Work and How Limited Partners Should Evaluate a Roll-Over
Deals & Capital

Continuation Funds Explained: How GP-Led Secondaries Work and How Limited Partners Should Evaluate a Roll-Over

A continuation fund allows private equity sponsors to move assets from maturing funds into new vehicles, offering existing investors a choice to sell for cash or roll over their interest. This structure has become a mainstream exit route, with significant deal volume in recent years.

Isabella Reyes·October 23, 2026
Editorial illustration for A Limited Partner’s Guide to Private Equity Continuation Funds
Deals & Capital

A Limited Partner’s Guide to Private Equity Continuation Funds

Private equity continuation funds allow GPs to hold prized assets beyond a fund's lifespan and offer LPs liquidity, but introduce inherent conflicts of interest. This guide provides LPs with a framework to evaluate these complex transactions, focusing on rationale, valuation, new fund terms, and GP alignment.

Isabella Reyes·October 11, 2026