As traditional exit timelines continue to lengthen and capital remains highly selective, continuation vehicles have emerged as one of the most effective tools for sponsors seeking flexibility in portfolio management. What began as a liquidity solution for aging assets has evolved into a sophisticated, GP-led strategy, enabling firms to retain control of high-conviction investments while providing optionality and liquidity to existing LPs.
At Dakota, we closely track how continuation vehicles are being deployed across strategies, geographies, and asset classes as they solidify their role as a permanent feature of the private equity secondaries landscape. Dakota Marketplace delivers comprehensive, up-to-date data on fund sizes, strategies, closing dates, underlying assets, and service providers, equipping investors, advisors, and fund sponsors with a powerful resource to evaluate this rapidly expanding segment.
Below, we highlight the continuation vehicles added to Dakota Marketplace in January 2025, illustrating how sponsors are leveraging continuation structures to navigate today’s extended exit environment and extend value creation across both equity and credit portfolios.
To see all continuation vehicles in Dakota Marketplace, book a demo!
Top Continuation Vehicles in Dakota Marketplace for January 2026
1. LM Simba CV Feeder LP
Overview: LM Simba CV Feeder LP is a continuation vehicle managed by Lovell Minnick Partners, structured to provide additional time and capital for select high-performing portfolio companies. The vehicle enables the sponsor to retain ownership of strong assets beyond the traditional fund life while offering liquidity options to existing limited partners.
Focus: The fund concentrates on investments within the financial services and technology-enabled business services sectors, supporting continued growth initiatives and value creation prior to a final exit.
See the full fund profile in Dakota Marketplace.
2. HHC InXpress Group CV, LP
Overview: HHC InXpress Group CV, LP is a continuation vehicle managed by Hudson Hill Capital. The vehicle was formed to extend the ownership of InXpress and support its next phase of expansion, while providing liquidity flexibility to existing investors.
Focus: The fund is dedicated to advancing the growth and strategic development of InXpress, a global software-enabled solicitor of managed transportation services, with an emphasis on expanding market share across North America and Europe.
See the full fund profile in Dakota Marketplace.
3. Carousel Capital Ethos CV, L.P.
Overview: Carousel Capital Ethos CV, L.P. is a continuation vehicle managed by Carousel Capital, headquartered in Charlotte, North Carolina. The fund is designed to extend the holding period of select high-performing portfolio companies within the firm’s established middle-market strategy.
Focus: The vehicle targets investments in the southeastern United States, specifically within the business services, consumer services, and healthcare services sectors, aiming to drive continued operational growth and long-term value creation.
See the full fund profile in Dakota Marketplace.
Continuation Vehicles in Dakota Marketplace
The Scale of Continuation Vehicles in Dakota Marketplace
Dakota Marketplace currently includes 246 continuation vehicle records, representing a total first close amount of $15,240,763,709 and aggregate strategy AUM of $57,010,048,052. This breadth of coverage reflects how continuation vehicles have evolved from niche liquidity tools into a core portfolio management strategy across private equity, private credit, and hybrid structures.
Continuation vehicles are important because they align sponsor conviction with LP optionality. They allow GPs to hold high-performing, high-conviction assets longer, particularly in an environment where traditional exit markets remain inconsistent, while giving existing LPs the choice to roll, partially roll, or take liquidity. Concurrently, they create differentiated access points for secondary investors seeking exposure to seasoned assets with known operating histories and reduced blind pool risk.
As sponsors increasingly rely on continuation vehicles to extend value creation timelines, manage DPI expectations, and optimize capital structures, having comprehensive, structured, and up-to-date data becomes essential. Dakota Marketplace provides that transparency, empowering investors, advisors, and fund sponsors to evaluate manager behavior, transaction size trends, sector concentrations, and the growing institutionalization of the GP-led secondaries market.
To explore all continuation vehicles currently tracked in Dakota Marketplace, book a demo today.
