Key Takeaways
- • Private markets continuation vehicles (CVs) recorded more than $100bn in deal volume in 2025, up over 40% from 2024, according to a Schroders Capital report cited by Investment Week.
- • Continuation vehicles now account for roughly 9% of total private markets exit value, per the same Schroders Capital research.
- • Investment Week reports that managers are divided on the opportunities CVs offer investors, pointing to a debate over the risk-reward balance of the structure.
Summary
Investment Week reports that the total deal volume of transactions tied to private markets continuation vehicles surpassed $100bn in 2025, an increase of more than 40% from 2024. According to a report by Schroders Capital published earlier in 2026, continuation vehicles now account for roughly 9% of total exit value in private markets.
The article, titled "Managers split on the opportunities continuation funds offer investors" and framed under a "Risks and rewards" heading, indicates that fund managers hold differing views on the benefits continuation funds provide to investors. The primary text available for this summary is limited to the opening data points, so the specific positions of individual managers and the detailed risk considerations they raise are not captured here.
For institutional allocators, the figures underscore the growing role of continuation vehicles as a liquidity route in private markets. The divergence of manager opinion highlights the need for close due diligence on pricing, governance, and alignment of interests in these transactions.
The article, titled "Managers split on the opportunities continuation funds offer investors" and framed under a "Risks and rewards" heading, indicates that fund managers hold differing views on the benefits continuation funds provide to investors. The primary text available for this summary is limited to the opening data points, so the specific positions of individual managers and the detailed risk considerations they raise are not captured here.
For institutional allocators, the figures underscore the growing role of continuation vehicles as a liquidity route in private markets. The divergence of manager opinion highlights the need for close due diligence on pricing, governance, and alignment of interests in these transactions.
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