MarketsDebt MarketsMarket MindsOpinionNo manager wants to leave the future value of a company on the table for the next investor. Cue the rise of the continuation vehicle.Katrina KingPrivate equity has always had two clocks running – one belongs to the fund, the other to the business.For decades, we largely assumed they would strike midnight at the same time. Buy a company, improve it, sell it and return the capital before the fund reached the end of its life. But those clocks are drifting out of sync.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Debt marketsFetching latest articlesMost Viewed In Markets