CVC Secondary Partners (U.S.)

CVC Secondary Partners (U.S.)

CVC Secondary Partners (U.S.) emerged as CVC Capital Partners established a dedicated secondary unit to capture growing demand for portfolio liquidity. CVC, founded in 1981 and headquartered in Luxembourg, has a network of 25 offices globally. The U.S. secondary team operates out of the firm's New York office, where the focus is on acquiring LP interests and structuring GP-led secondary transactions. The firm invests in buyout, credit, and growth equity secondary opportunities. It targets a range of sizes, from smaller LP portfolio stakes to larger continuation vehicles, and deals with institutional investors, family offices, and sovereign wealth funds. CVC's own funds often serve as the primary capital source, though co-investment vehicles may be used. The team participates in structured auctions and bilateral processes across North America. CVC Capital Partners manages over €188 billion in assets across private equity, credit, and infrastructure strategies (per the firm, 2024). The secondary unit, while smaller, leverages CVC's global platform, sector specialists, and deal origination network. It complements CVC's core strategies by providing liquidity while maintaining relationships with existing fund investors. The U.S. team is part of CVC's broader private wealth and institutional relationship group. CVC Secondary Partners benefits from its parent's established brand and track record, but operates as a distinct team focused on the secondary market. This structural separation allows it to pursue deals that might conflict with primary fund interests, while still accessing CVC's capital and expertise. Its hybrid model sits between a dedicated secondary fund and a larger firm's opportunistic initiative.