{
 "schema": "pops4.boards.answer/1",
 "question": "Who is raising private-equity continuation funds?",
 "answer": "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.",
 "asOf": "2026-10-13",
 "url": "https://www.pops4.com/boards/answers/who-is-raising-continuation-funds",
 "columns": [
  "Fund",
  "Filed",
  "Form",
  "State",
  "Offering",
  "Sold so far"
 ],
 "rows": [
  {
   "Fund": "HCP Continuation Fund I, L.P.",
   "Filed": "2026-10-09",
   "Form": "D",
   "State": "NC",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2146921/000214692126000001/"
  },
  {
   "Fund": "Revelar RAYUS Continuation Fund, L.P.",
   "Filed": "2026-09-21",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2137976/000095014226002575/"
  },
  {
   "Fund": "Revelar RAYUS Rollover Continuation Fund, L.P.",
   "Filed": "2026-09-21",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2140724/000095014226002576/"
  },
  {
   "Fund": "Revelar RAYUS Continuation Fund Seller, L.P.",
   "Filed": "2026-09-21",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2140638/000095014226002574/"
  },
  {
   "Fund": "ECP Next Wave Continuation Fund B, LP",
   "Filed": "2026-09-17",
   "Form": "D",
   "State": "NJ",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2152190/000215219026000001/"
  },
  {
   "Fund": "ECP Next Wave Continuation Fund C, LP",
   "Filed": "2026-09-17",
   "Form": "D",
   "State": "NJ",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2152189/000215218926000001/"
  },
  {
   "Fund": "ECP Next Wave Continuation Fund, LP",
   "Filed": "2026-09-17",
   "Form": "D",
   "State": "NJ",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2152191/000215219126000001/"
  },
  {
   "Fund": "MCH Continuation Fund II, FICC",
   "Filed": "2026-09-10",
   "Form": "D",
   "State": "U3",
   "Offering": "indefinite",
   "Sold so far": "$160M",
   "link": "https://www.sec.gov/Archives/edgar/data/2148258/000214825826000001/"
  },
  {
   "Fund": "ENSEMBLE CONTINUATION FUND III LLC - SERIES PRINCIPAL MINERAL",
   "Filed": "2026-09-02",
   "Form": "D",
   "State": "CA",
   "Offering": "indefinite",
   "Sold so far": "$6M",
   "link": "https://www.sec.gov/Archives/edgar/data/2150136/000215013626000001/"
  },
  {
   "Fund": "Metalmark Cardinal Continuation Vehicle, L.P.",
   "Filed": "2026-08-18",
   "Form": "D",
   "State": "NY",
   "Offering": "$436M",
   "Sold so far": "$436M",
   "link": "https://www.sec.gov/Archives/edgar/data/2142315/000095010326012547/"
  },
  {
   "Fund": "TPG Twin Brook Direct Lending Continuation Fund I, L.P.",
   "Filed": "2026-08-07",
   "Form": "D/A",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "$505M",
   "link": "https://www.sec.gov/Archives/edgar/data/2075820/000207582026000001/"
  },
  {
   "Fund": "TPG Twin Brook DLI Continuation Fund I, L.P.",
   "Filed": "2026-08-07",
   "Form": "D/A",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "$319M",
   "link": "https://www.sec.gov/Archives/edgar/data/2075818/000207581826000001/"
  },
  {
   "Fund": "TPG Twin Brook DLI Investments Continuation Fund I, L.P.",
   "Filed": "2026-08-06",
   "Form": "D/A",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "$384M",
   "link": "https://www.sec.gov/Archives/edgar/data/2075819/000207581926000001/"
  },
  {
   "Fund": "BU Helios MA Continuation Fund SCSp",
   "Filed": "2026-07-01",
   "Form": "D",
   "State": "N4",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2124187/000095014226001950/"
  },
  {
   "Fund": "Avenue Kite Continuation Fund, L.P.",
   "Filed": "2026-06-24",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2135863/000213586326000001/"
  },
  {
   "Fund": "LATOUR GUTOR CONTINUATION FUND FPCI",
   "Filed": "2026-05-15",
   "Form": "D",
   "State": "I0",
   "Offering": "$325M",
   "Sold so far": "$111M",
   "link": "https://www.sec.gov/Archives/edgar/data/2133602/000213360226000001/"
  },
  {
   "Fund": "Insight Partners Continuation Fund (CF IV Cashout AHP), L.P.",
   "Filed": "2026-05-08",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2127236/000212723626000001/"
  },
  {
   "Fund": "KPF FS Continuation Fund, L.P.",
   "Filed": "2026-05-04",
   "Form": "D",
   "State": "CA",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2132992/000213299226000001/"
  },
  {
   "Fund": "KPF FS Continuation Fund (SQ), L.P.",
   "Filed": "2026-05-04",
   "Form": "D",
   "State": "CA",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2130494/000213049426000001/"
  },
  {
   "Fund": "IEQ Capital Access Fund - Lexington Continuation Vehicle Investors, L.P.",
   "Filed": "2026-04-27",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2131710/000213171026000001/"
  },
  {
   "Fund": "ENSEMBLE CONTINUATION FUND LLC - SERIES SARONIC III",
   "Filed": "2026-04-13",
   "Form": "D",
   "State": "CA",
   "Offering": "indefinite",
   "Sold so far": "$23M",
   "link": "https://www.sec.gov/Archives/edgar/data/2127973/000212797326000001/"
  },
  {
   "Fund": "ENSEMBLE CONTINUATION FUND II LLC",
   "Filed": "2026-04-10",
   "Form": "D",
   "State": "CA",
   "Offering": "indefinite",
   "Sold so far": "$27M",
   "link": "https://www.sec.gov/Archives/edgar/data/2128272/000212827226000001/"
  },
  {
   "Fund": "Lexington Continuation Vehicle Investors Access LLC",
   "Filed": "2026-03-31",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "$49M",
   "link": "https://www.sec.gov/Archives/edgar/data/2115280/000211528026000001/"
  },
  {
   "Fund": "New Mountain WCO Continuation Fund, L.P.",
   "Filed": "2026-03-26",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2106430/000210643026000001/"
  },
  {
   "Fund": "New Mountain WCO Continuation Fund (Parallel Fund), L.P.",
   "Filed": "2026-03-26",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2106466/000210646626000001/"
  },
  {
   "Fund": "iCapital-Lexington Continuation Vehicle Investors Access Fund, L.P.",
   "Filed": "2026-03-17",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2114326/000211432626000001/"
  },
  {
   "Fund": "Direct Lending Continuation Fund I SLP",
   "Filed": "2026-03-13",
   "Form": "D",
   "State": "N4",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2110869/000211086926000001/"
  },
  {
   "Fund": "EMG Ascent Continuation Fund, LP",
   "Filed": "2026-03-12",
   "Form": "D",
   "State": "TX",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2095059/000209505926000001/"
  },
  {
   "Fund": "Lexington Continuation Vehicle Investors, L.P.",
   "Filed": "2026-03-04",
   "Form": "D/A",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "$1.7B",
   "link": "https://www.sec.gov/Archives/edgar/data/2025940/000202594026000001/"
  },
  {
   "Fund": "LCVI (Luxembourg) SCSp",
   "Filed": "2026-03-04",
   "Form": "D/A",
   "State": "N4",
   "Offering": "indefinite",
   "Sold so far": "$1.7B",
   "link": "https://www.sec.gov/Archives/edgar/data/2036881/000203688126000001/"
  },
  {
   "Fund": "LCVI (Offshore), L.P.",
   "Filed": "2026-03-04",
   "Form": "D/A",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "$1.7B",
   "link": "https://www.sec.gov/Archives/edgar/data/2027981/000202798126000001/"
  },
  {
   "Fund": "Lincoln Energy Master Royalty Partners LLC",
   "Filed": "2026-03-03",
   "Form": "D",
   "State": "CO",
   "Offering": "$116M",
   "Sold so far": "$116M",
   "link": "https://www.sec.gov/Archives/edgar/data/2115124/000194104026000199/"
  },
  {
   "Fund": "Insight Partners Continuation Fund IV, L.P.",
   "Filed": "2026-02-05",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2108613/000210861326000001/"
  },
  {
   "Fund": "ENSEMBLE CONTINUATION FUND LLC - SERIES CHAOS",
   "Filed": "2025-12-31",
   "Form": "D",
   "State": "CA",
   "Offering": "indefinite",
   "Sold so far": "$3M",
   "link": "https://www.sec.gov/Archives/edgar/data/2103210/000210321025000001/"
  },
  {
   "Fund": "Frontier Continuation Fund V, L.P.",
   "Filed": "2025-11-26",
   "Form": "D",
   "State": "NC",
   "Offering": "$246M",
   "Sold so far": "$246M",
   "link": "https://www.sec.gov/Archives/edgar/data/2093022/000209302225000002/"
  },
  {
   "Fund": "WCP LM Fund, L.P.",
   "Filed": "2025-11-19",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2093320/000095014225003028/"
  },
  {
   "Fund": "Stafford International Timberland Continuation Fund SCSp",
   "Filed": "2025-11-12",
   "Form": "D",
   "State": "N4",
   "Offering": "$45M",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2082160/000208216025000001/"
  },
  {
   "Fund": "Five Arrows Minerva Feeder Continuation Fund SCSp",
   "Filed": "2025-10-31",
   "Form": "D/A",
   "State": "N4",
   "Offering": "indefinite",
   "Sold so far": "$242M",
   "link": "https://www.sec.gov/Archives/edgar/data/2077821/000207782125000003/"
  },
  {
   "Fund": "Five Arrows Principal Investments II Continuation Fund SCSp",
   "Filed": "2025-10-31",
   "Form": "D/A",
   "State": "N4",
   "Offering": "indefinite",
   "Sold so far": "$0M",
   "link": "https://www.sec.gov/Archives/edgar/data/2077820/000207782025000001/"
  },
  {
   "Fund": "Riverstone Iris Continuation Fund Feeder, L.P.",
   "Filed": "2025-10-27",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2080881/000208088125000001/"
  },
  {
   "Fund": "Riverstone Iris Continuation Fund, L.P.",
   "Filed": "2025-10-27",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2080765/000208076525000001/"
  },
  {
   "Fund": "WCM Hoff Continuation Fund, L.P.",
   "Filed": "2025-10-16",
   "Form": "D",
   "State": "NY",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2086480/000095014225002821/"
  },
  {
   "Fund": "V29 Capital Continuation Vehicle (Offshore), L.P.",
   "Filed": "2025-10-14",
   "Form": "D",
   "State": "CT",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2082148/000095014225002774/"
  },
  {
   "Fund": "V29 Capital Continuation Vehicle, L.P.",
   "Filed": "2025-10-14",
   "Form": "D",
   "State": "CT",
   "Offering": "indefinite",
   "Sold so far": "none yet",
   "link": "https://www.sec.gov/Archives/edgar/data/2081607/000095014225002777/"
  }
 ],
 "how": "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.",
 "disclaimer": "Data & Disclosure Notice: Edgar and Edgarette are automated software. Every figure on this page is calculated by software from public filings made by companies and funds with the U.S. Securities and Exchange Commission (EDGAR) and is published without individual human review. The accuracy and completeness of those filings are the responsibility of the filers; reports can contain errors and can be amended. Figures are shown as filed and as of each filing's date, and this page may be corrected or updated without notice. Ranges, expected returns, rankings, boats and other measures are statistical descriptions of past filings, not ratings, price forecasts, company guidance or recommendations; past results do not guarantee future results. This is general information published for all readers, not advice tailored to any person's portfolio, needs or circumstances, and nothing here is financial, investment, actuarial, legal, tax or other professional advice. Actuaries and other professionals who use these figures remain responsible for reviewing them for reasonableness and consistency against the original filings and for disclosing their reliance on them. No company, fund or reinsurer pays to be included or ranked. Provided as is, without warranty of any kind. Not affiliated with or endorsed by the SEC or by any company, fund or reinsurer named. All trademarks remain the property of their owners."
}