{
  "id": 5291964,
  "title": "CVC raises record $10bn for latest secondaries fund",
  "url": "https://urgent.news/2026/09/03/cvc-raises-record-10bn-for-latest-secondaries-fund",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T08:58:34.000Z",
  "source": {
    "name": "Private Equity Wire",
    "slug": "private-equity-wire",
    "url": "https://www.privateequitywire.co.uk/cvc-raises-record-10bn-for-latest-secondaries-fund/"
  },
  "original_language": "en",
  "account": "CVC Capital Partners has successfully raised a record $10 billion for its latest secondaries fund, according to Bloomberg. This marks the firm's largest fund assembled to invest in the private equity secondary market, significantly expanding its secondaries strategy. The Secondary Opportunities Fund VI attracted over 200 new and existing investors, surpassing its predecessor funds which raised $5.8 billion in 2023 and $2.7 billion in 2019. The surge in fundraising comes as private equity secondaries market continues to grow, driven by sponsors seeking liquidity for mature assets and investors seeking ways to manage long holding periods. In the first half of the year, transactions reached a record $121 billion, as reported by Evercore. Carlo Pirzio-Biroli, head of CVC's secondaries strategy, noted that investor support for the asset class is increasing as institutions raise their allocations. He also highlighted the substantial pipeline of potential secondary transactions, driven by the large volume of capital tied up in private equity investments yet to generate returns. CVC entered the secondaries market through its 2021 acquisition of specialist Glendower Capital, which expanded the firm's capabilities and provided access to a broader investor base and additional recurring management fees. Currently, CVC manages approximately €20 billion across its private equity and credit secondaries strategies.",
  "summary": "TOP STORY: CVC Capital Partners has raised $10bn for its latest secondaries vehicle, marking the largest fund the firm has assembled to invest in the secondary market for private equity assets, according to a report by Bloomberg.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}