How LPs Use Continuation Funds for VC Liquidity in 2026

Episode 43 of The Venture Capital Investor Podcast explores how limited partners are using continuation funds as a liquidity tool in 2026. Lucas and Luna break down the mechanics, using the example of a mid-stage healthcare AI company where existing investors rolled a $50 million stake into a new vehicle. They discuss the trade-offs: faster exits versus giving up upside, and how LPs are negotiating terms like minimum distributions and GP skin-in-the-game. The episode also covers the growing role of continuation funds in a market where traditional IPOs and M&A remain sluggish. Real numbers and a concrete case make this a practical guide for LPs considering this option. #ContinuationFunds #VCLiquidity #LimitedPartners #VentureCapital #PrivateEquity #Secondaries #HealthcareAI #IPOAlternatives #GPLiquidity #LiquidityStrategies #InvestmentManagement #PortfolioConstruction #Finance #Business #FexingoBusiness #BusinessPodcast #StartupInvesting #LPPerspective Keep every episode free: buymeacoffee.com/fexingo