News & Analysis

Thanks to ongoing LP acceptance and secular tailwinds, continuation vehicles in infrastructure are getting a new lease of life.

As buyers position themselves in the market, they need to ensure they have all the ‘whistles and bells’ to cater to sellers and investors, CVC Secondary Partners’ head, Carlo Pirzio-Biroli, tells PEI Secondaries Investor.

Bridgepoint’s and PennantPark’s continuation vehicles will acquire a total of roughly $2bn of private credit investments.

LPs had a choice of liquidity at a price set by a competitive process or continued participation, Eric Rosen, Hudson Hill’s managing partner, said.

The close of the asset manager’s $1.5bn CFO marks the latest example of its work to expand its private markets offering to a wider set of investors, co-head of private markets product at Franklin Templeton, Jake Williams, tells PEI Secondaries Investor.

A total of 66 CVs were known to have closed in the first half of 2026, up significantly from the 40 logged during the same period last year.

Over 95% of LPs in Gainline’s original fund housing the asset elected to take the liquidity option provided to them in the transaction, PEI Secondaries Investor understands.

About 20% of Carrick Capital Partners’ Fund II LPs opted to roll their equity into the $600m continuation vehicle, says co-CEO Jim Madden.

A new name at the top of SI 50 shows how consolidation is changing the competitive landscape in the buyer universe.

Two longtime corporate venture capital investors have joined the firm with a €120m portfolio of climate tech businesses.