Private equity backers refuse to roll over investments as returns dwindle
Data from investment bank Houlihan Lokey shows 92% opting to cash out
Data from investment bank Houlihan Lokey shows 92% opting to cash out

Examples of assets shunted from one continuation vehicle into another are dribbling out

Firms are struggling to raise money even as they offer discounts to attract new investors

Fundraising by evergreen vehicles has slowed amid worries about exposure to software and AI

The sector’s pitch has worked but the next challenge is persuading investors to stay

Larger funds’ global share of commitments slides as fundraising winter drags on

Publicly traded vehicles are trading at steep discounts in gloomy sign for broader industry