Rot in Private Equity — The right words
“Buyout firms have struggled to sell companies they own and have instead found a workaround to get cash back to clients: Selling the companies to themselves…
Some firms are pushing out the sales timeline even further. This year, private equity firms including Accel-KKR have started selling their companies from one continuation vehicle to another.
The industry calls these new funds “CV-squared.”
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https://www.nytimes.com/2025/12/24/business/private-equity-continuation-funds.html?unlocked_article_code=1._E8.qLkn.HDZ4CkdtX8K8&smid=nytcore-ios-share
