--- title: "S Continuation Fund takes over, capital exit channels continue to expand" description: "The secondary market for private equity is heating up, and S continuation funds have become an important tool for institutions to revitalize existing assets. On February 24, the S continuation fund un" type: "news" locale: "en" url: "https://longbridge.com/en/news/277110753.md" published_at: "2026-02-26T22:52:17.000Z" --- # S Continuation Fund takes over, capital exit channels continue to expand > The secondary market for private equity is heating up, and S continuation funds have become an important tool for institutions to revitalize existing assets. On February 24, the S continuation fund under JingShuiHu Venture Capital completed an oversubscription establishment and has achieved full capital contribution and investment settlement. The S fund alleviates liquidity issues and serves as a "buffer" for corporate growth and capital exit. According to statistics, from 2011 to 2025, there are approximately 78,900 domestic registered private equity investment funds, of which 57,700 are in existence and facing exit pressure, bringing broad development space for the S fund market The secondary market for private equity is heating up, and S continuation funds are becoming an important tool for institutions to revitalize existing assets and alleviate corporate buyback pressure. On February 24, the latest S continuation fund under JingShuiHu Venture Capital—Suzhou Industrial Park JingShuiHu SaiRui Venture Capital Partnership (Limited Partnership)—completed an oversubscribed establishment and has achieved full capital contribution and investment delivery. The above case indicates that S funds can not only alleviate liquidity issues but also serve as a "buffer" for corporate growth and capital exit. According to statistics from ZERONE, from 2011 to 2025, approximately 78,900 private equity investment funds have been filed in China, of which 57,700 funds are still in existence, accounting for about 73%. A large number of funds are facing exit pressure, bringing vast development space to the S fund market ### Related Stocks - [PEX.US - Pro Gbl Listed Pvt](https://longbridge.com/en/quote/PEX.US.md) - [PSP.US - Invesco Global Listed Private Equity ETF](https://longbridge.com/en/quote/PSP.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 私募市場面臨 08 年後最大信心危機 Blue Owl 禁提款爆恐慌 AI 顛覆軟件業成導火線 | 全球私募信貸市場面臨自 2008 年金融危機以來最嚴重的信心危機,因 Blue Owl Capital 因旗下基金贖回困境,永久限制投資者提款並啟動 14 億美元資產清償。該公司取消季度贖回政策,轉型為「資本返還」模式,引發市場對其資產估值 | [Link](https://longbridge.com/en/news/276572219.md) | | 近 5 億美元資產 94 折拋售!AI 嚇壞美國私募信貸基金 | 繼 Blue Owl 限制贖回引發多家上市私募股價下跌後,New Mountain 旗下基金折價甩賣近 5 億美元資產繼續加大市場擔憂。行業擔憂集中在對 AI 的過度支出、受 AI 威脅的軟件類投資敞口以及放貸標準。瑞銀警告私募信貸違約率或 | [Link](https://longbridge.com/en/news/276856187.md) | | 若不剔除淨零議程 美揚言退出 IEA | 美國能源部長萊特在 IEA 部長級會議上表示,若不在一年內將「淨零排放」目標移除,美國將退出國際能源總署(IEA)。他稱「淨零排放」是「帶有毀滅性的幻想」,並強調 IEA 應回歸確保能源安全的初衷。此次會議未能發表最終公報,僅發布「主席摘要 | [Link](https://longbridge.com/en/news/276472598.md) | | 滙控週三公佈業績 券商料去年少賺 1 成 市場關注高層前瞻指引 | 滙豐控股將於本週三公佈全年業績,預計去年税前利潤下跌 10.7% 至 288.61 億美元,全年派息 72 美仙。市場關注管理層的前瞻性指引,包括銀行業務淨利息收入、私有化恒生後的協同效應等。券商預測第 4 季税前利潤將急升 1.5 倍,收 | [Link](https://longbridge.com/en/news/276552827.md) | | 政治局會議或政策利好 AI 施羅德對中港股市感樂觀 | 施洛德投資的陳江穎對中港股市持樂觀態度,認為 AI 產業鏈需求和政策利好將提振經濟。預計政治局會議將推出支持政策,且中美元首會面可能促進貿易談判。香港經濟環境改善,IPO 數量增加,吸引投資。對韓國股市也持樂觀,因受益於 AI 發展和政策支 | [Link](https://longbridge.com/en/news/277003209.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.