Moonfare Enters Osaic’s $2 Billion GP-Led Continuation Vehicle
Moonfare’s participation in Osaic’s $2 billion continuation vehicle highlights how GP-led liquidity deals are becoming larger, more common, and more widely financed.
What is this trend?
Moonfare’s entry into Osaic’s $2 billion GP-led continuation vehicle shows secondary buyers and wealth-platform capital are broadening the market for sponsor-led liquidity and longer hold periods.
- Buyer pools are widening beyond classic secondaries firms.
- Wealth-platform capital is entering GP-led continuation deals.
- Sponsors can deliver partial liquidity without selling the asset outright.
- Early buyer mapping and LP messaging are now core deal prep.
- Secondary-structuring skills are becoming a must-have for PE teams.
What’s the latest?
Moonfare joined Lexington Partners and Ares Secondaries in Osaic’s roughly $2 billion GP-led continuation vehicle, structured by Reverence Capital Partners.
How it developed
Go deeper
Curated long-form picks on this trend — podcasts, videos, and analysis, by seniority.
If you lead the organization
Golub Capital Leverages Debt Expertise to Launch GP‑Led Continuation Vehicles
Interview with David B. Golub on launching a GP-led continuation vehicle business amid private credit growth.
Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets · Podcast
Listen from 63:21 →
Undercapitalized Secondary Markets and GP Influence on LP Transfers
Podcast analysis on why infrastructure secondaries lag, and how GP-led continuation vehicles reshape LP transfers.
How I Invest with David Weisburd · Podcast
Listen from 35:42 →
Succession Planning and GP‑Stakes Solutions Drive Private Market Deals
Podcast analysis interview with Melvin Hibberd on GP succession financing and liquidity demand behind GP-led continuations.
The Distribution by Juniper Square · Podcast
Listen from 32:25 →