Houlihan Lokey – Continuation Fund and Cross-Fund Market Insights, 2024

The main theme of the report is the analysis of the continuation fund and cross-fund transaction market for 2024.

Key findings include a record number of continuation and cross-fund transactions in 2024, growth in GP-led secondary market volumes to $75 billion, evolution of transaction preferences focusing on single-asset continuation funds, increased activity in alternative asset classes such as credit, venture capital, and energy/infrastructure, and the importance of independent financial advisors in reducing risks and enhancing transaction transparency.