Glendower Capital Launches Record-breaking Fund for Global Secondary Private Equity Investment

Investors worldwide flock to Glendower Capital as it raises an impressive US$5.8 billion for its fifth global secondary private equity fund. The success of Glendower's latest fundraise marks a major milestone for the company following its strategic merger with CVC in 2022.

Glendower Capital specializes in the private equity secondaries mid-market, focusing on buyout fund investments managed by top-tier general partners (GPs). The fund's strategy provides a balanced exposure to both portfolio sales by limited partner (LP) investors and GP-led transactions, demonstrating Glendower's expertise in navigating the evolving secondary market.

The achievement of raising US$5.8 billion for the Glendower Capital Secondary Opportunities Fund V ("SOF V") is a testament to the company's ability to attract a diverse and global institutional investor base. Over 230 returning and new limited partners have invested in SOF V, highlighting the confidence and trust placed in Glendower's investment strategy.

Carlo Pirzio-Biroli, CEO and Managing Partner of Glendower, expressed gratitude for the support of existing and new investors, emphasizing the significance of this fundraise. He emphasized Glendower's mission to be a lead investor and preferred partner for LPs and GPs worldwide, driven by the vast opportunities available in the secondary market.

Rob Lucas, CVC Managing Partner, lauded the partnership with Glendower since the completion of the transaction, celebrating the record-breaking fundraise for SOF V. With access to the broader CVC Network, Glendower's secondaries platform is well-positioned to deliver sustainable value to investors in this growing market segment.

Glendower currently manages an impressive $13 billion in assets under management (AUM) across its private equity secondary funds. With a team of over 35 dedicated investment professionals, the company has a proven track record of executing various transactions, including the acquisition of limited partnership interests and complex GP-led deals.

CVC, Glendower's parent company, manages over €140 billion of AUM globally across its six complementary strategies, spanning CVC Europe/Americas, CVC Asia, CVC Strategic Opportunities, CVC Growth, CVC Credit, and CVC Secondaries (Glendower). This extensive network and vast expertise contribute to Glendower's success as a leading player in the private equity secondary market.

Established in 2017, Glendower Capital focuses on acquiring secondary private equity assets to provide liquidity solutions for investors worldwide. The company has a strong track record, having completed over 175 transactions and purchased more than 1,500 fund interests since 2007. With headquarters in London and offices in New York, Glendower boasts a team of over 80 professionals dedicated to delivering exceptional results for its investors.

CVC, a prominent private equity and investment advisory firm, operates across 25 offices in Europe, Asia, and the US. Managing approximately €140 billion of AUM, CVC has secured commitments exceeding €165 billion from leading institutional investors. Funds managed or advised by CVC are invested in over 125 companies worldwide, generating combined annual sales of €100 billion and employing more than 550,000 people.

The successful fundraise by Glendower Capital for its fifth global secondary private equity fund solidifies the company's position as a key player in the industry. With a robust investment strategy, renowned expertise, and a strong investor base, Glendower is poised to continue delivering exceptional returns in the secondary market.