CVC's Glendower Capital closes Fund V with $5.8b

Glendower Capital, the secondaries platform of CVC, has closed its fifth global secondary private equity fund, Glendower Capital Secondary Opportunities Fund V (SOF V), with $5.8bn in capital commitments. This is the first fund closed since Glendower merged with CVC. Glendower focuses on the mid-market of private equity secondaries and targets buyout fund investments managed by high-quality GPs. The fundraise reached its hard cap and will support Glendower's strategy of balanced exposure to portfolio sales by LP investors and GP-led transactions. The fund attracted investment from over 230 returning and new limited partners from around the world.

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