As we enter our 38th year, we write to share with you our year-end letter and observations of what may be ahead in 2026 in the private equity investment environment.
Highlights from 2025:
- Cumulative commitments from investors to CF Private Equity programs are now $24.7 billion since our inception in 1988.
- In 2025, our investment programs distributed over $1.25 billion back to our limited partners.
- We closed on 158 total investments across primaries, secondaries and co-investments totaling $1.1 billion in 2025.
Insights into our investment approach, including commentary on:
- Buyouts and growth equity
- Secondaries
- Real assets and sustainability
- Venture capital