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For Q1 2026, we tracked 38 exits through continuation funds totaling $10.8 billion when including estimates for nondisclosed transactions. This compares to 36 continuation fund-related exits in Q1 2025, demonstrating the similar velocity at which the industry continues to use GP-led secondaries as a tool for portfolio management. A notable multi-asset continuation fund in Q1 was Meridiam’s rollover of 22 assets. The firm closed over €2 billion for a European infrastructure continuation fund, which will include infrastructure assets across 10 European countries.
(Past performance is no guarantee of future results.)
Latest news
US leveraged loans returns turn negative in October
The Bloomberg US Leveraged Loan Index (Ticker: LOAN) has returned -0.26% this month through October 21, reducing its year-to-date return…
M&A activity begins to tick upward
In the third quarter of 2026, acquisition-linked loan volume across North America and Europe reached about $47 billion, up from $30.6 billion in Q2 and $29.5 billion a year ago.
