CVC Secondary Partners Raises $10B for Sixth Global Secondary PE Fund

Fried Frank advised CVC Secondary Partners, the dedicated secondaries investment strategy of leading global private markets manager CVC, on the final close of its sixth global secondary private equity fund Secondary Opportunities Fund VI ("SOF VI"), with aggregate capital commitments of c.$10 billion^[1]. The fundraise attracted investment from a diversified and global institutional investor base of over 200 returning and new limited partners, with approximately 50% committed by investors that had not participated in prior Secondary Opportunity Funds ("SOF Funds").

The fundraise represents a significant increase over prior SOF Funds, underscoring the strong momentum behind CVC Secondary Partners and the continued expansion of the global private equity secondaries market. SOF VI operates in the private equity secondaries mid-market, targeting buyout fund investments managed by high-quality GPs. For more on the fundraise, read CVC's press release.

Fried Frank is proud to have advised CVC on this very significant fundraise, further strengthening our partnership and commitment to supporting CVC's strategic growth initiatives.

The Fried Frank team was led by asset management partners Kate Downey, Piers Harris and Athena Tan.

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