The Swiss manager plans to address its mature evergreen offerings over the next 12-18 months, while maintaining liquidity limitations in the coming quarters.
The transaction creates a $2.6 trillion manager spanning public and private markets, including secondaries and semi-liquid investment platforms.
Patrick Wolfe has resigned as COO of BlackRock Private Credit Fund, BlackRock Direct Lending Corp., and BlackRock TCP Capital Corp., weeks after CEO Philip Tseng left the same three funds.
The partnership will also develop products for wealth investors, beginning with an evergreen private equity secondaries fund expected in the coming weeks.
The former Sixth Street Senior Advisor will oversee portfolio construction for the firm's solutions, including credit secondaries and direct credit.
The CMS veteran brings nearly 20 years of UK funds experience spanning regulated fund structures, with dedicated LTAF expertise.
The ETF provider has hired Alessio de Longis to head its new Active Investments platform and Hyuk Soo Han to help lead its private equity secondaries efforts.
We review CVC's H1 report, fundraising efforts, and performance across its secondaries and wealth channel products.
We review CVC's Q1 investment activity, fundraising efforts, and performance across its secondaries and wealth channel products.
Pascual joins from BlackRock, where he led the firm's wealth business across the same region.
