Private Equity's New Exit Playbook

Private Equity's New Exit Playbook | How Continuation Vehicles Are Reshaping the Buyout Industry

When traditional exit routes close, private equity finds new doors. In 2025, buyout firms are increasingly turning to a controversial but effective solution: selling portfolio companies to themselves through continuation vehicles. This strategy is on track to reach record volumes, potentially hitting $107 billion globally — a 53% increase from the previous year.