the life of a fund. When asked how they adapt to feature of the market. This shift reflects tougher exit conditions, valuation gaps and financing constraints, fundraising challenges, 69% of respondents said they would increase the lifecycle of current funds, complex and uncertain. In many cases, firms report 10-year fund nears the end of its life. Some PE firms altogether, in favour of longer-term structures. However, a growing number of M&A processes expectations, firms are opting to retain assets for longer rather than force a sale. For as long as a lack of exits remains a barrier to raising new funds, sponsors are finding ways to work with the portfolios in hand. Increasingly, however, GPs have been turning to continuation vehicles for their top assets, offering LPs the choice of cashing out or reinvesting, while at the part of the secondaries market by value, although LPs However, longer holds are just one strategic approach, retain and work assets, and when to disengage.