CVC Secondary Partners Expands into the Fast-Growing Credit Secondaries Market
CVC, a leading global private markets manager, is thrilled to announce the expansion of its CVC Secondary Partners strategy into the rapidly growing credit secondaries market. This expansion includes the launch of a dedicated global credit secondary platform, marking an exciting new chapter for CVC's fast-growing Secondaries business.
The new platform will be led by Partner Henri Lusa, who brings over 17 years of private credit and credit secondaries experience. Based in London, Henri will lead a global, credit-focused secondaries team, focused on building a diversified portfolio of credit investments. The team will include experienced professionals from CVC's fast-growing €48bn credit business, who will fully transition to the new platform.
This initiative builds on CVC's strong heritage in the secondaries space, with deep credit underwriting expertise. It reflects CVC's commitment to offering investors diversified access to high-quality private market opportunities, leveraging over 20 years of secondaries and credit experience. CVC is well-positioned to capture the structural tailwinds shaping this dynamic and expanding market, which has seen credit secondary volumes more than triple between 2020 and 2024.
The new strategy will leverage CVC Secondary Partners' established global network of relationships and its track record across 200+ transactions, involving over 1,800 fund interests and more than 70+ bespoke continuation vehicles. By combining CVC's deep underwriting capabilities with its global reach, the platform aims to deliver attractive risk-adjusted returns, income generation, and enhanced downside protection for investors.
The CVC Credit Secondaries strategy will seek to generate attractive returns through a diversified portfolio of credit-related investments across geographies (Europe and US), fund vintages, and transaction types (LP/GP-led). The launch of the inaugural Credit Secondaries vehicle is planned for 2026.
As private credit evolves into a core and maturing asset class within private markets, CVC sees significant opportunity to apply its deep credit and secondaries expertise to this fast-growing segment. Active portfolio management and liquidity needs, coupled with periods of uncertainty, are driving growth. These trends mirror what we saw in the early days of PE secondary markets and are expected to continue as managers seek to expand their investor base and deliver liquidity options to their existing investors.
CVC's scale, strong performance across market cycles, and longstanding relationships with intermediaries, fund managers, and sellers uniquely position it to provide liquidity and portfolio solutions across both private equity and now also credit secondaries.
