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The original was posted on /r/soccer by /u/monk771 on 2025-12-26 01:57:36+00:00.
Clearlake was selling the companies it owned from one set of investment funds to another set of funds it also managed called “continuation vehicles.”
Continuation funds are meant as a temporary fix for a serious problem that has been bedeviling firms like Clearlake. Continuation vehicles are providing a short-term solution by allowing firms to sell the companies to themselves and book a paper gain.