As they then explained:Roughly a fifth of all PE sales this year involved groups raising money from new investors to acquire businesses from their older funds, up from 12-13 per cent the previous year, said Sunaina Sinha Haldea, global head of private capital advisory at Raymond James. Such transactions sell assets already owned by a PE group to so-called continuation vehicles — newer funds also managed by the firm. The tactic enables PE firms to return cash to investors in older funds, but has prompted concerns about potential conflicts of interest. I have long thought private equity funds a racket best avoided by any investor possessed of a sound mind and clear vision. So, you take your pick, but I would rather stay well and truly clear of such activities with my savings.

Source: The Guardian December 31, 2025 09:34 UTC