CV market accounts for ~50% of secondary transactions, report finds - Private Equity Wire

CV market accounts for ~50% of secondary transactions, report finds - Private Equity Wire

The continuation vehicle (CV) market now accounts for nearly 50% of all secondary transactions, according to the latest Morgan Lewis Continuation Vehicles Report 2025, which highlights key trends in legal terms and provisions. The report, which analysed 44 GP-led continuation vehicles launched between Q1 2024 and Q1 2025, ranging from $110m to $3.2bn in size, reveals a significant trend towards management fees converging around 1% or lower. This…