Lincoln International outlines the importance of continuation vehicles for PE sponsors seeking liquidity, extended ownership, and further value creation.
The deal will transfer investments across 78 portfolio companies, representing approximately 48% of BlackRock TCP Capital's debt portfolio by fair value.
SecondaryLinkreviews the continuation fund activity of Q1 2026, covering asset composition, deal sizes, and the most active lead investors, advisors, and legal counsel.
The vehicle was established to acquire a portfolio of mid- to large-cap assets valued at $770 million as of December 2024, with primary exposure to China.