"The surge in secondaries placements highlights a clear market shift, with more firms prioritizing this talent pool as it evolves from its 'niche' roots into a fully-fledged asset class within private equity," said Stefano Barbagallo, Director of New York at Sonder Consultants.
M-One Capital's single-asset continuation fund is part of a comprehensive recapitalization of the US drive-through coffeehouse chain.
This marks the third notable departure from Kirkland so far this September, with former Partners Michael Farrell and Christopher Pristouris also joining competing law firms in liquidity-focused roles.
SecondaryLink reviews the continuation fund activity of Q2 2026, covering asset composition, deal sizes, and the most active lead investors, advisors, and legal counsel.
The single-asset vehicle extends the firm's hold on an engineering and architectural services company it initially backed in 2022.
Barings and Round2 Investment Partners participated in the single-asset CV, which extends ownership of an MGU specializing in catastrophe-exposed markets.
SecondaryLink reviews the continuation fund activity of Q1 2026, covering asset composition, deal sizes, and the most active lead investors, advisors, and legal counsel.
The transaction consisted of a $775 million primary capital raise and a $225 million secondary purchase from existing investors.
The Connecticut-based firm and its affiliates own and operate a diversified group of 30 industrial, manufacturing, and distribution businesses.
SecondaryLink reviews the continuation fund activity of Q4 2025, covering asset composition, deal sizes, and the most active lead investors, advisors, and legal counsel.
