The Wall Street Journal

The Private-Equity Maneuver Allowing More Investors to Cash Out

Continuation vehicles were once used by ‘zombie funds’ but now usually contain top-performing companies

The Private-Equity Maneuver Allowing More Investors to Cash Out
Photo: Johnny Simon/WSJ, iStock

In April, private-equity firm New Mountain Capital agreed to sell Real Chemistry for $3 billion after owning the fast-growing medical-marketing agency for six years.

The buyer: New Mountain Capital.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It