Research And Data

Secondaries Investor Q1 2026 CV Deal Log

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

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.

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.

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.

DOWNLOAD: Non-US LPs gain ground among largest secondaries investors in 2025

While the list of the largest known LP commitments remains dominated by US-based investors, it also reflects a growing presence of non-US institutions from Asia and the UK.

DOWNLOAD: Secondaries fundraising breaks new record

Vehicles focused on the strategy collected nearly $166bn through final closes last year, marking a 48% increase on the prior biggest fundraising year.

CVs account for nearly one-fifth of sponsor-backed exits – KPMG study

Some GPs view continuation vehicles as ‘temporary measures’, according to the financial services firm.

DOWNLOAD: Secondaries fundraising YTD surpasses full-year record

More capital was raised for the strategy between Q1 and Q3 than the $118bn gathered in 2023.

Number of family offices backing secondaries on the up – Goldman Sachs

Family offices’ ability to provide patient capital to private markets while other investors face liquidity constraints is further fuelling interest in the secondaries market, according to a report.

Expanding GP-led market can help RE secondaries’ steady, continued growth – CBRE

The manager’s latest report estimates RE secondaries saw more than $24bn in volume last year.