PE · May 15, 2026 · 06b

LATOUR GUTOR CONTINUATION FUND FPCI

Offering

$325.3M

Analysis

This is a continuation vehicle, meaning the GPs are rolling over assets from a predecessor fund into a new entity rather than making fresh market investments—a structure used to extend hold periods on mature portfolio companies, consolidate multiple positions, or accommodate LP rollovers without triggering full fund economics reset.

The absence of prior EDGAR filings from this manager suggests either a first institutional fund raise or a previously smaller/regional operation now scaling to a $325M target, and the two-GP structure with a 06b exemption indicates a relationship-driven operation that relies on existing LP networks rather than broad market solicitation.

A May 2026 filing for a continuation vehicle typically reflects a 3-5 year vintage predecessor fund reaching decision point on certain portfolio holdings, with the raise timed to close before year-end to reset the hold clock on carried interest and avoid forced realizations—this timing assumes stable exit markets and LP appetite for continuation structures.

Verify whether this vehicle includes a key-man clause tied to either Darasse or Defaye and confirm the predecessor fund's vintage year and asset composition, as continuation funds can obscure whether departing LPs are being forced into the new vehicle or have exit rights, and whether the $325M target reflects true new capital or mostly rolled positions.

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Paul Darasse · Camille Defaye

SEC EDGAR →

0002133602-26-000001