Secondary Opportunities Fund VI will target buyout fund investments in the private equity secondaries middle market.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
The London-based manager is reportedly expanding its secondaries platform following a record $6.4 billion flagship close in July.
The Geneva-based firm targets late-stage single-asset secondary investments across technology and digital ventures.
The second vintage of the secondary strategy has reached half of its €500 million target, and the programme has completed five investments across GP- and LP-led transactions.
The firm has appointed Loïc Beaumont as Head of Private Equity to lead the initiative that targets LP-led secondary positions in European buyout funds.
The Euronext Amsterdam-listed manager is also preparing to launch two additional products focused on credit and infrastructure secondaries.
CVC Secondary Opportunities Fund VI, which has already surpassed its $7 billion target, is aiming for a final close in Q3.
SecondaryLink outlines the MOIC and IRR of the private equity secondaries series managed by CVC.
CVC Secondary Opportunities Fund VI, which is targeting a final close in 2026, is already 38% larger than its 2021 predecessor.
