Inside S2 Capital's $211 Million Continuation Vehicle: What the Mezzanine Exchange Really Means for LPs
TL;DR: S2 Capital wants to raise $115 million (up to $130 million) from investors to recapitalize 26 Sun Belt apartment properties, 9,700 units, originally purchased for $1.26 billion. Combined with a debt-to-equity...
Exponent's EUR750M Continuation Vehicle for H&MV Engineering: The Valuation Math LPs Should Check
TL;DR: Exponent closed a roughly EUR750 million ($865 million) single-asset continuation vehicle for H&MV Engineering on August 11, 2026, valuing the Limerick-based high-voltage electrical contractor...
Private Equity Secondaries Hit Record $121B in H1 2026: What LPs Need to Know
The private equity secondaries market closed H1 2026 at $121 billion in volume — a record first half. GP-led secondaries hit $65 billion, up 35% year-over-year. The full year is tracking to $250-260
GP-Led Secondaries vs. LP-Led Secondaries: A Complete Guide for Accredited Investors
TL;DR: The secondary market reached $116 billion in 2025, up from $88 billion in 2023. GP-led secondaries — where fund managers roll trophy assets into new continuation vehicles — now dominate the mar