Edgar & Edgarette · Answers · 13 October 2026

Who is raising private-equity continuation funds?

In the 12 months to 13 October 2026, 44 continuation funds filed a Form D with the SEC; 16 have reported sales, about $4.3B counting parallel vehicles once. Most recent: HCP Continuation Fund I, L.P., Revelar RAYUS Continuation Fund, L.P. and Revelar RAYUS Rollover Continuation Fund, L.P.

FundFiledFormStateOfferingSold so far
HCP Continuation Fund I, L.P.2026-10-09DNCindefinitenone yet
Revelar RAYUS Continuation Fund, L.P.2026-09-21DNYindefinitenone yet
Revelar RAYUS Rollover Continuation Fund, L.P.2026-09-21DNYindefinitenone yet
Revelar RAYUS Continuation Fund Seller, L.P.2026-09-21DNYindefinitenone yet
ECP Next Wave Continuation Fund B, LP2026-09-17DNJindefinitenone yet
ECP Next Wave Continuation Fund C, LP2026-09-17DNJindefinitenone yet
ECP Next Wave Continuation Fund, LP2026-09-17DNJindefinitenone yet
MCH Continuation Fund II, FICC2026-09-10DU3indefinite$160M
ENSEMBLE CONTINUATION FUND III LLC - SERIES PRINCIPAL MINERAL2026-09-02DCAindefinite$6M
Metalmark Cardinal Continuation Vehicle, L.P.2026-08-18DNY$436M$436M
TPG Twin Brook Direct Lending Continuation Fund I, L.P.2026-08-07D/ANYindefinite$505M
TPG Twin Brook DLI Continuation Fund I, L.P.2026-08-07D/ANYindefinite$319M
TPG Twin Brook DLI Investments Continuation Fund I, L.P.2026-08-06D/ANYindefinite$384M
BU Helios MA Continuation Fund SCSp2026-07-01DN4indefinitenone yet
Avenue Kite Continuation Fund, L.P.2026-06-24DNYindefinitenone yet
LATOUR GUTOR CONTINUATION FUND FPCI2026-05-15DI0$325M$111M
Insight Partners Continuation Fund (CF IV Cashout AHP), L.P.2026-05-08DNYindefinitenone yet
KPF FS Continuation Fund, L.P.2026-05-04DCAindefinitenone yet
KPF FS Continuation Fund (SQ), L.P.2026-05-04DCAindefinitenone yet
IEQ Capital Access Fund - Lexington Continuation Vehicle Investors, L.P.2026-04-27DNYindefinitenone yet
ENSEMBLE CONTINUATION FUND LLC - SERIES SARONIC III2026-04-13DCAindefinite$23M
ENSEMBLE CONTINUATION FUND II LLC2026-04-10DCAindefinite$27M
Lexington Continuation Vehicle Investors Access LLC2026-03-31DNYindefinite$49M
New Mountain WCO Continuation Fund, L.P.2026-03-26DNYindefinitenone yet
New Mountain WCO Continuation Fund (Parallel Fund), L.P.2026-03-26DNYindefinitenone yet
iCapital-Lexington Continuation Vehicle Investors Access Fund, L.P.2026-03-17DNYindefinitenone yet
Direct Lending Continuation Fund I SLP2026-03-13DN4indefinitenone yet
EMG Ascent Continuation Fund, LP2026-03-12DTXindefinitenone yet
Lexington Continuation Vehicle Investors, L.P.2026-03-04D/ANYindefinite$1.7B
LCVI (Luxembourg) SCSp2026-03-04D/AN4indefinite$1.7B
LCVI (Offshore), L.P.2026-03-04D/ANYindefinite$1.7B
Lincoln Energy Master Royalty Partners LLC2026-03-03DCO$116M$116M
Insight Partners Continuation Fund IV, L.P.2026-02-05DNYindefinitenone yet
ENSEMBLE CONTINUATION FUND LLC - SERIES CHAOS2025-12-31DCAindefinite$3M
Frontier Continuation Fund V, L.P.2025-11-26DNC$246M$246M
WCP LM Fund, L.P.2025-11-19DNYindefinitenone yet
Stafford International Timberland Continuation Fund SCSp2025-11-12DN4$45Mnone yet
Five Arrows Minerva Feeder Continuation Fund SCSp2025-10-31D/AN4indefinite$242M
Five Arrows Principal Investments II Continuation Fund SCSp2025-10-31D/AN4indefinite$0M
Riverstone Iris Continuation Fund Feeder, L.P.2025-10-27DNYindefinitenone yet
Riverstone Iris Continuation Fund, L.P.2025-10-27DNYindefinitenone yet
WCM Hoff Continuation Fund, L.P.2025-10-16DNYindefinitenone yet
V29 Capital Continuation Vehicle (Offshore), L.P.2025-10-14DCTindefinitenone yet
V29 Capital Continuation Vehicle, L.P.2025-10-14DCTindefinitenone yet

SEC full-text search for “continuation fund” and “continuation vehicle” on Forms D and D/A over the last 12 months; one row per fund, its latest filing; amounts as the fund reported them. By half-year: 2025 H2 11, 2026 H1 19, 2026 H2 14. Parallel vehicles filed the same day with the same amount are counted once in the total. Form D shows who is raising and what each reports sold, not the size of the secondary market. JSON

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