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Houlihan Capital

Continuation Vehicles in 2026: Market Growth, Governance Evolution, and Independent Valuation Requirements

Essential Insights for General Partners, January 2026  Insights informed by industry insights and market research.  Executive Summary  For general partners navigating continuation vehicle transactions, robust governancy is no longer best practice, it’s a regulatory and commercial imperative.   Continuation vehicles (CVs) have evolved from niche liquidity solutions into mainstream portfolio management tools with transaction volume growing 40% year-over-year in 2024.  In an environment marked by constrained exits, heightened […]