The GP-led secondaries market will become "indistinguishable" from the traditional sponsor-to-sponsor market within five years, according to a member of the 2026 Next Gen Leader class recognized by Secondaries Investor and Private Equity International. As private equity firms increasingly utilize continuation vehicles (CVs) to access portfolio companies, the GP-led segment is poised for significant acceleration. The full Next Gen list honoring emerging leaders in the space is scheduled for publication on 1 September.