CVC Capital Partners Starts Credit Secondaries Platform

CVC Capital Partners has started a platform to compete in the booming world of credit secondaries, the market for trading stakes in private credit funds.

The strategy will seek to build a portfolio from opportunities both in Europe and the US, with its first credit vehicle set to launch next year.

“The intention is to incrementally raise a dedicated fund,” said Carlo Pirzio-Biroli, head of CVC Secondary Partners, in an interview. “We’ve had a lot of inbound interest from investors in the asset class. The first vehicle might be a bit more bespoke in nature, rather than a broad ...