On February 16, 2026, CVC Secondary Partners announced that it had committed $1.1 billion to M&G Investments’ 2025 PE Secondary Fund.
CVC Secondary Partners (“CVC”) announced, on February 16, 2026, that it had committed $1.1 billion to the M&G Investments (“M&G”) 2025 PE Secondary Fund to acquire a portfolio of private equity interests. Under the terms of the transaction, which closed on December 31, 2025, M&G will maintain the management of the portfolios and the direct relationships with the underlying managers. Further terms of the deal were not disclosed.
CVC, based in London, is a registered investment advisor focused on private equity, secondaries, credit, and infrastructure. CVC has approximately €205 billion in assets under management.
M&G, based in London, is a registered investment advisor focused on private assets, public fixed income, and public equities. M&G has over £444 billion in assets under management.
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