The private equity trend of continuation vehicles (CVs)—a strategy soaring in popularity—is in the spotlight due to a high-profile failure involving United Site Services (USS), a portable toilet rental company. Major financial institutions, including Fortress Investment Group, Ares Management Corp. (NYSE:ARES), and Blackstone Inc. (NYSE:BX), are poised to lose a combined $1.4 billion on an investment in USS that was channeled through a continuation vehicle, according to sources cited by Bloomberg. The Fa ...