HedgeCo.Net — CVC Capital Partners Plc said Thursday it had raised $10 billion for Secondary Opportunities Fund VI, the firm’s largest secondaries pool to date. Bloomberg printed the close and the fund name. The Edge Malaysia independently carried the same $10 billion total, the same predecessor raises of $5.8 billion in 2023 and $2.7 billion in 2019, and the same investor-count line of more than 200 new and existing LPs.
Carlo Pirzio-Biroli, head of CVC’s secondaries business, framed the raise as continued LP support for secondaries as an asset class in its own right, pointing to trillions of dollars still trapped in unsold private-equity holdings. Market context in the same reporting cites Evercore’s record $121 billion of secondaries deal volume in the first half. CVC built the franchise after acquiring Glendower Capital in 2021 and now manages about €20 billion (US$23.2 billion) across private-equity and credit secondary funds.
This is a hard close on Fund VI, not a target and not a first-time raise. Mark $10 billion as the Fund VI total, $5.8 billion and $2.7 billion as the prior vintages, and €20 billion / $23.2 billion as the current secondaries AUM across PE and credit. Do not invent LP names, a hard-cap figure above $10 billion, or a deployment pace that is not in these two sources. The allocator object is CVC stacking dry powder into the largest secondaries sleeve in its Glendower-era book amid record H1 transfer volume.