M&G Investments and CVC agree 'landmark' $1.1bn private equity deal

(Sharecast News) - M&G Investments said on Monday that it was expanding its private equity platform with the completion of a "landmark" $1.1bn managed fund secondary transaction in a new strategic partnership with CVC Secondary Partners (CVC). Under the terms of the partnership, for which the transaction completed on 31 December 2025, funds advised by CVC have committed $1.1bn to M&G's 2025 PE Secondary Fund to acquire a portfolio of private equity interests and to make future co-investments alongside these managers.

The PE interests are mainly in mature North American mid-market buyout funds and M&G will maintain the management of the portfolios and the direct relationships with the underlying managers.

M&G said the transaction delivers immediate exposure to a diversified portfolio of high-quality US private equity funds and access to M&G's established network of "leading" General Partners.

Emmanuel Deblanc, chief investment officer, Private Markets at M&G, said: "Having worked with CVC for more than two decades supporting the growth of private companies globally, this new mandate builds on a relationship rooted in investment excellence, aligned philosophies and a shared commitment to disciplined portfolio construction.

"By partnering with CVC on this transaction, we are combining our joint sourcing capabilities, scale and expertise in secondary investing, which broadens what we can deliver for clients, supports the continued growth of our private equity business and reinforces our commitment to backing strong businesses with long-term capital."