CVC closes $10B secondaries fund, nearly doubling its 2023 vehicle
What's the deal? CVCDealroom has a profile for this one. Try Dealroom → Secondary Partners has closed its sixth global secondary private equity fund, Secondary Opportunities Fund VI, at $10 billion. The final close, announced September 3, 2026, drew over 200 limited partners — roughly half of them new to the firm's secondaries funds.
Why now? The raise nearly doubles the $5.8 billion CVC collected in 2023 and dwarfs the $2.7 billion it gathered in 2019. Chief executive officer Rob Lucas tied the momentum to a "20-year track record in Secondaries markets" and rising demand for secondaries solutions.
What's the endgame? SOF VI targets the private equity secondaries mid-market, backing buyout funds run by established general partners. It splits its approach between buying LP fund portfolios and GP-led deals, aiming for a diversified global portfolio.
The signal: Secondaries now sit at the centre of CVC's expansion. The unit manages €20 billion in assets across private equity and credit funds, part of the firm's €212 billion global platform — and Lucas flagged moves into credit and infrastructure secondaries as the next growth lanes.
Read more: cvc.com
Image credit: Horasis
