CVC Secondary Partners has moved into the credit secondaries market with the launch of a dedicated global platform, marking a significant expansion of its secondaries strategy as demand for liquidity solutions accelerates across private markets.

The new platform will be led by Partner Henri Lusa, who brings more than 17 years of experience in private credit and credit secondaries. A specialist team, including professionals from CVC’s €48bn credit business, will transition to the new strategy as the firm builds a diversified portfolio across European and US credit markets.

The initiative extends CVC’s €17bn private equity secondaries platform, which has completed more than 200 transactions involving over 1,800 fund interests and more than 70 continuation vehicles. CVC said it is well positioned to meet growing demand from LPs and GPs seeking flexible liquidity, with credit secondaries volumes more than tripling between 2020 and 2024.

Rob Lucas, CEO of CVC, said the new strategy marks an important milestone for the firm’s fast-growing secondaries business. “Building on our strong heritage in the secondaries space with deep credit underwriting expertise, we will harness the power of the CVC Network to unlock new opportunities in this high-growth market,” he said.

Carlo Pirzio-Biroli, Managing Partner and Head of CVC Secondary Partners, said private credit is becoming a core part of private markets. “Active portfolio management and liquidity needs, coupled with periods of uncertainty are driving growth.”

CVC’s new credit secondaries strategy will target attractive risk-adjusted returns across geographies, fund vintages, and both LP and GP-led transactions. The inaugural credit secondaries vehicle is planned for launch in 2026.

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