Continuation Fund vs Traditional Exit: When Private Equity Holds Instead of Sells (2026)

A continuation fund lets a PE firm sell an asset to itself instead of to a third party. How it compares to a traditional exit, when each is the honest choice, and the operator's tells for which one you are really in.

The PE-Backed CFO Tenure Squeeze: Why 2.5 Years Is the New Normal in 2026

The average tenure of a Chief Financial Officer at a private-equity-backed company in 2026 is 2.5 years. That is roughly half the 5.6-year average for public-company CFOs, and it means a typical portfolio company runs through two CFOs during a 5-year hold period. The pattern is now the

Ares built the boring machine.

Most operating partners fail because the firm set them up to fail.

Carlyle is a useful reminder that most private equity firms are still private equity firms.

Partners Group just built a product for the exit market nobody trusts.

KKR’s insurance strategy looks boring on purpose.

What happens to private equity in a "Carry Winter"?

Apollo is no longer just an alternative asset manager.

Private equity does not have a zombie fund problem. It has a hostage fund problem.

Blackstone’s best private equity deal may have been escaping private equity.

The board story on revenue is usually fiction with formatting.