Key Takeaways
- • CVC Secondary Partners has successfully raised $10 billion for its sixth global private equity secondaries fund, significantly exceeding typical fund targets in the secondaries market.
- • The new fund is expected to close in 2026 and already surpasses the size of its predecessor fund, demonstrating strong institutional demand for secondaries exposure in the current market environment.
- • CVC's secondaries platform currently manages €17 billion in assets under management across private equity secondaries strategies, positioning it as a major player in the growing secondaries sector.
- • The fundraising reflects CVC's diversified approach across multiple alternative asset classes, with the firm's broader platform managing €20 billion in secondaries, €52 billion in credit, and €25 billion in infrastructure assets.
- • This sixth-fund close represents continued institutional confidence in CVC's secondaries strategy amid an active period of secondaries M&A and platform expansion within the private markets industry.
Summary
CVC Secondary Partners has closed its sixth global private equity secondaries fund at $10 billion in aggregate capital commitments, marking a significant fundraising milestone for the dedicated secondaries platform. The fund's size substantially exceeds its predecessor and positions CVC among the leading players in the competitive secondaries market, where institutional investors increasingly seek exposure to secondary private equity investments.
The new fund is tracking toward closure in 2026 and reflects robust institutional appetite for secondaries strategies. CVC's secondaries platform currently manages €17 billion in assets across private equity secondaries strategies, with the broader CVC secondaries business managing €20 billion in total assets under management. This represents a meaningful portion of CVC's overall $79 billion in assets under management across its diversified platform.
The fundraise underscores CVC's strategic positioning in the alternative assets space and its ability to attract significant capital commitments from limited partners across geographies. CVC's secondaries business operates as a dedicated platform focused exclusively on secondary private markets globally, supported by a management team including Carlo Pirzio-Biroli, Charles Smith, Adam Graev, Chi Cheung, and Louise Boothby as Managing Partners.
CVC's broader platform extends beyond secondaries into complementary alternative asset classes. The firm manages €52 billion in credit assets and €25 billion in infrastructure assets, reflecting a diversified approach to private markets investing. This multi-strategy positioning has enabled CVC to compete effectively for institutional capital amid evolving market conditions and the ongoing professionalization of the secondaries asset class.
The new fund is tracking toward closure in 2026 and reflects robust institutional appetite for secondaries strategies. CVC's secondaries platform currently manages €17 billion in assets across private equity secondaries strategies, with the broader CVC secondaries business managing €20 billion in total assets under management. This represents a meaningful portion of CVC's overall $79 billion in assets under management across its diversified platform.
The fundraise underscores CVC's strategic positioning in the alternative assets space and its ability to attract significant capital commitments from limited partners across geographies. CVC's secondaries business operates as a dedicated platform focused exclusively on secondary private markets globally, supported by a management team including Carlo Pirzio-Biroli, Charles Smith, Adam Graev, Chi Cheung, and Louise Boothby as Managing Partners.
CVC's broader platform extends beyond secondaries into complementary alternative asset classes. The firm manages €52 billion in credit assets and €25 billion in infrastructure assets, reflecting a diversified approach to private markets investing. This multi-strategy positioning has enabled CVC to compete effectively for institutional capital amid evolving market conditions and the ongoing professionalization of the secondaries asset class.
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