New Mountain Capital partner Josh Klinsky describes single-asset continuation vehicles (CVs) as being "in the first inning" of private equity adoption. He notes the strategy has gained traction as limited partners seek liquidity and general partners look to extend holding periods. Klinsky highlights that while the approach is still nascent, it is rapidly evolving as a mainstream tool for portfolio management.
The discussion underscores a shift toward more flexible secondary market structures. New Mountain, Josh Klinsky, and single-asset CVs are central to this emerging trend. As the secondary market matures, stakeholders are watching how this model reshapes deal structures and investor expectations. The trajectory suggests significant growth potential as the industry adapts to changing LP and GP dynamics.
Source: Secondaries Investor · Summarized by HeadlinesBriefing