CVC Capital Partners Raises $10 Billion for Its Largest Secondaries Fund
CVC Capital Partners has raised $10 billion for its sixth global secondaries fund, marking the largest such vehicle managed by a European firm this year. The Secondary Opportunities Fund VI is nearly double the size of its predecessor and reflects growing interest in secondary market strategies amid challenging traditional exit environments. The broader private equity sector saw over $54 billion raised globally across 49 secondaries funds so far this year, with Europe contributing $21.4 billion through 13 funds. CVC has also expanded into credit secondaries and partnered with AIG to launch a new evergreen platform seeded by the insurer’s existing private equity holdings. The firm's increasing focus on secondary strategies aligns with broader industry trends as generalist PE firms seek alternative liquidity sources in response to slower traditional exits.
Topics: CVC Capital Partners private equity secondaries market