Data Snapshot

Secondaries volume to reach $1trn in the next decade – Seine Capital

Higher interest rates and a better exit environment could both drive activity in the secondaries market, according to a study.

Secondaries Investor Q1 2026 CV Deal Log

Q1 saw 27 CVs close, with nine involving asset classes beyond private equity.

Pay for secondaries distribution specialists lags wider alts industry – Jensen Partners

The total compensation median for secondaries distribution talent reached $739k in 2025, compared with $800k for the broader alternatives market, according to a report.

CV pricing climbs amid new buyside capital formation – Houlihan Lokey

Rising buyside demand and greater emphasis on asset selection have reduced the percentage of CVs priced in the lower range, according to the firm’s latest CV study.

CV fee terms converge amid a more competitive market – Morgan Lewis

The CV market is increasingly focused on ‘best practice terms’ rather than simply getting deals done, partner Joe Zargari tells Secondaries Investor.

Majority of CVs see both tiered carry and dual return metrics – Morgan Lewis

Over half of CVs have carried interest waterfalls with both IRR and MOIC return thresholds, according to the law firm’s upcoming report on CV term trends.

DOWNLOAD: Secondaries fundraising continues its strong run in Q1 2026

Secondaries funds raised nearly $39bn in the first quarter of 2026, Secondaries Investor data shows.

Sector-focused multi-asset CVs are on the rise – Elm Capital

Mid-market managers are also embracing the multi-asset structure to ‘achieve critical mass’ in CVs, according to Elm Capital’s 2025 Private Markets Review.

Technology moves down the list of favoured CV sectors – Houlihan Lokey

The investment bank is seeing a boost in interest in other sectors as the secondaries market reacts to tech disruption, managing director Michael Pilson told Secondaries Investor.

Secondaries Investor full-year 2025 CV Deal Log

Last year saw 85 continuation vehicles close, with 40 more launching or being mulled, according to data gathered by Secondaries Investor.