Ellen Schneider

3 weeks ago | bloomberg.com | Olivia Fishlow |Kat Hidalgo |Francesca Veronesi |Ellen Schneider

(Bloomberg) -- Private 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.