Single Assets

CVs offer lower return dispersion compared with buyout funds – Evercore

A report by the investment bank and the HEC School of Management in Paris has reaffirmed findings that continuation funds perform largely in line with buyout funds with less risk.

Around half of buyers expect increased deployment in 2025 amid volatility – Lazard

A large portion of secondaries investors expect to increase ticket sizes this year, according to a snapshot report.

Underlying value of companies within CVs accelerates in 2024 – Houlihan Lokey

Nearly 45% of companies within single-asset CVs had an implied TEV greater than $2bn last year reflecting minority interest or strip sales for larger companies being used in these deals.

Secondaries Investor Law Firm Survey 2025: Deal value rockets with record-breaking year

The ninth edition of our law firm survey shows top law firms advising on a collective $1.03tn of transaction volume, nearly $150bn greater than cumulative numbers seen last year.

Secondaries Investor Q1 2025 CV Deal Log – updated

Last quarter saw 11 continuation vehicles close, with a dozen more hitting or looking to hit the market, according to data gathered by Secondaries Investor.

Coller backs Corsair Capital’s $600m GP-led secondaries deal

Corsair has raised a multi-asset CV for three assets, with the remaining exposure in one of the assets being moved to another vehicle.

New Jersey proposes $600m commitment to Lexington secondaries SMA

The separately managed account will invest into two Lexington funds, as well as co-investment opportunities.

Vista Equity raises ~$4bn in first close for Cloud Software single-asset CV

Part of Vista Equity’s contribution to the deal will come through its private wealth channel, a source said.

Kline Hill seeks to leverage TA’s expertise as it sells minority stake

After hearing pitches from more than 50 suitors over the years, Kline Hill found a match in TA, managing partner Mike Bego told Secondaries Investor.

Single-asset CV opportunities to take off amid tariff uncertainty

Managers will seek to tap the secondaries market to keep hold of their prized assets while M&A remains muted – however, the single-asset space remains significantly undercapitalised.