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The Daily Read on Semi-Liquid Funds
Thursday, October 1, 2026The Morning Brief →Sign in
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In PWD coverage since September 22, 2026 · 5 stories
1Deals on our tracker
Deal recordFull tracker →
Sep 21, 26Deal closedGuardian Alarm · New 2ND Capital — coverage
PWD coverage
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A bank set the only price secondaries printed this week

Three GP-led continuation vehicles closed without a mark, and the absence is the mechanism: buyers are underwriting the sponsor's valuation rather than the company underneath.
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