Future Co-Investments in the Pipeline
The transaction does not merely transfer existing stakes; it opens the door to future co-investments alongside the underlying managers. In effect, the deal plants seeds for continued joint activity, expanding both firms’ exposure to North American private equity opportunities.
Francesca Paveri Fontana, senior managing director at Evercore, which advised M&G on the deal, said the transaction highlights the increasingly innovative nature of the secondary market.
By enabling M&G to monetize existing assets while simultaneously positioning both firms for new investments, she said, the agreement demonstrates how secondaries can serve as both exit ramp and on-ramp — liquidity without retreat.
Details regarding legal counsel were not immediately available.
As capital continues to swirl through private markets, this latest move signals that secondary transactions are no longer side streets in finance. They are becoming highways — and CVC Buys M&G’s Investment Portfolio may be one more sign that the traffic is only accelerating.
