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Simon Mayer

Institution

Carnegie Mellon University

PhD Year

2021

simon.r.mayer@gmail.com

FTG Membership

Member

Website

https://sites.google.com/view/simonmayer/

Featured Work

Mar 4, 2026

Simon Mayer

Private Equity Continuation Vehicles: A Model of Strategic Asset Transfers

We develop a theoretical framework that formalizes the conflicts of interest arising in continuation vehicles (CVs), in which general partners (GPs) transfer portfolio companies from an existing fund to a new vehicle they continue to manage. While CVs can enhance efficiency by extending the holding period of high-potential firms, they also create opportunities for rent extraction as GPs can exploit their informational advantage and intermediary...