A new Bain & Company study reveals that 40% of general partners expect to consider continuation vehicles within the next two years, signaling growing interest in this alternative liquidity solution. The research highlights how GPs are increasingly viewing CVs as strategic tools for managing portfolio companies that still have growth potential.

According to the findings, over half of GPs cited returning capital to existing limited partners as the primary motivation for launching continuation vehicles. This trend reflects the pressure on private equity firms to deliver liquidity while maintaining exposure to high-performing assets. The study suggests that CV adoption is accelerating as firms seek more flexible exit options in a challenging market environment.

The data points to a significant shift in private equity strategy, with continuation vehicles becoming a mainstream consideration rather than a niche solution. As market conditions evolve and traditional exit routes remain constrained, GPs are exploring CVs to optimize their portfolio management and meet LP expectations. This growing acceptance of continuation vehicles could reshape how private equity firms approach the end of their investment cycles.