M&A daily wrap: Stephen Feinberg, Cerberus, Trump’s Intelligence Advisory Board, Tyson Foods

From a cross-asset CFO to rising deferred-payment terms and billion-dollar continuation vehicles, private equity's liquidity toolkit is converging — and testing how much of the real price GPs are willing to show.

From AI software to seasoned direct loans, continuation vehicles are becoming the private markets’ answer to a global shortage of exits.

The secondaries market is solving private capital’s liquidity problem while creating a new set of questions about price and process.