Alignment and Access: Key Drivers of Single-Asset Continuation Vehicle Success

Single-asset continuation vehicles (SCVs) first gained traction as a creative solution to private equity liquidity constraints, but they have since evolved into a powerful and enduring portfolio management tool. By offering investors concentrated exposure to a single, high-conviction company, SCVs can create strong economic and strategic alignment among all stakeholders — including LPs, GPs, management teams and new investors. In our view, investors can best capitalize on this opportunity by partnering with experienced private equity firms, such as PPM, whose long-standing co-investment and primary fund relationships, coupled with deep underwriting expertise, provide access to high-quality SCV transactions.

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