Uhh yeah they do. Maybe it's technically the GPs decision but I have watched GPs get their asses chewed by LPs and make a different call after those kinds of me

Uhh yeah they do. Maybe it's technically the GPs decision but I have watched GPs get their asses chewed by LPs and make a different call after those kinds of meetings. More importantly literally all LPs have to do is not invest in the continuation fund. It costs them 0 money extra to close out their position in the old fund and leave. Continuation funds are 100% optional. Also IMHO continuation funds can be useful if a PE firm thinks it has a real winner. It's harder than you think to find good places to place a lot of money so it will grow so I can understand why LPs might go for it in some cases.