#Latest news with #continuationfundsBloomberg05-06-2025BusinessBloombergPrivate Credit Rolls Loans Into New Funds to Pay Back InvestorsPrivate 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.
Bloomberg05-06-2025BusinessBloombergPrivate Credit Rolls Loans Into New Funds to Pay Back InvestorsPrivate 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.
05-06-2025
