HedgeCo.Net — CVC Secondary Partners announced the final close of Secondary Opportunities Fund VI (SOF VI) with aggregate capital commitments of $10 billion, inclusive of parallel vehicles and CVC house and employee commitments. CVC’s September 3 statement said the raise drew more than 200 returning and new limited partners, with about 50% of capital from investors new to the SOF series. Bloomberg independently printed the same $10 billion final close and the same prior-vintage comparables: $5.8 billion for SOF V in 2023 and $2.7 billion for SOF IV in 2019.
SOF VI continues CVC Secondary Partners’ mid-market private-equity secondaries mandate, targeting LP fund portfolios and GP-led transactions. CVC said the Secondary Partners platform now manages about €20 billion of AUM across private-equity and credit secondaries with roughly 60 dedicated investment professionals, inside a firmwide ~€212 billion AUM platform. The firm’s 2025 annual-report context, carried in secondary coverage, had pointed to a $7 billion target with more than $8 billion already raised before the final close—making the $10 billion hard stop a clear overshoot of the public target.
This is a final close, not a first close or a deployment update. Mark $10 billion aggregate commitments, >200 LPs, ~50% new-to-SOF capital, $5.8 billion / $2.7 billion prior vintages, and the LP-portfolio plus GP-led mid-market remit as the hard tape. Do not invent DPI, a reserved GP-led allocation percentage, or a first-deal announcement tied to this close. The allocator object is another mega secondaries pool arriving as LP liquidity demand and GP-led continuation volume keep scaling.