科勒资本：2025-2026年冬季全球私募资本晴雨表（第43版）（英文版）

Continuation vehicles have rapidly gained acceptance as a means for GPs to hold on to their highest quality assets for longer, while offering LPs the option to roll into the new fund or to sell for liquidity. In our survey, almost one in five LPs say they typically roll their investment when presented with a CV. This suggests that, while CVs are providing an exit path and liquidity to the large majority (81%) of LPs, a reasonable minority see these transactions as offering the potential for f