SEC Probes Private Equity Continuation Vehicles

Durham News Today | 2 Min News | The Daily News Now! · Jun 26, 2026 · 2m

The SEC is cracking down on private equity’s booming “continuation vehicles,” where fund managers double as both seller and buyer to keep control of assets and rake in fees—even after a fund’s term ends. With deals hitting $106 billion last year, critics like Alaska’s Permanent Fund and Texas’ Teacher Retirement System call it “rot” and are pulling back. Real-world fallout includes $1.4 billion in losses for giants like Fortress and Blackstone, and bankruptcies like Wheel Pros that wiped out pension investors. This probe could reshape accountability for millions whose retirement savings are…