Continuation Vehicles: Beyond the chequered flag | Coller Capital
11 May 2026 Publication
Research & Insights

Continuation Vehicles: Beyond the chequered flag

Executive Summary

The GP-led market continues to go from strength to strength. 2025 saw another record-breaking year in GP transaction volumes, making GP-led transactions today the fastest-growing segment of the secondary market.

At our recent AGM meeting in April 2026, we invited the following industry representatives from advisory, GP execution, and both equity and credit secondaries investing, to discuss GP-led continuation funds in both private equity and private credit.

    • Michael Schad, Partner, and Head of Credit at Coller Capital
    • Martin Fleisher, Partner at Coller Capital
    • Ed Goldstein, Partner at Coller Capital
    • Paul Lanna, Partner, Investment at Coller Capital
    • Katrina Liao, Partner, Investment at Coller Capital
    • Nigel Dawn, Senior Managing Director at Evercore
    • Douglas Hallstrom, Partner, Managing Director at Advent

Whilst predictions on future performance cannot be made with certainty, we offer a view on market movements with the insights and key takeaways from these industry practitioners.

Black and white formal headshot of Jeremy Coller.
Jeremy Coller
Chief Investment Officer and Managing Partner
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In 2026, CVs aren't just an emergency exit, they're the preferred exit. The route of choice for investors everywhere.
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Record volumes for CVs