Private Equity

CV squared deals: Inside the secondary market’s latest play

From trophy assets to ‘quasi-zombie’ funds, scrutiny from investors is mounting over returns, fees and exit routes

Buyout groups are taking continuation vehicles (CVs) one step further by rolling them over to second CVs Photo: Mario de Meyer
Buyout groups are taking continuation vehicles (CVs) one step further by rolling them over to second CVs Photo: Mario de Meyer

At the height of the Covid pandemic, a swathe of private equity firms began to sell assets to themselves. Five years on, they are selling those assets to themselves — again.

Buyout groups are taking continuation vehicles (CVs) one step further by rolling them over to second CVs as the dealmaking slump continues.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink