Debevoise & Plimpton LLP has advised Glendower Capital (“Glendower”), CVC’s secondaries platform, in the formation of its fifth global secondary private equity fund, Glendower Capital Secondary Opportunities Fund V ("SOF V").
Glendower has raised aggregate capital commitments of $5.8 billion (including dedicated overage co-investment capital and GP commit) for the SOF V program to deploy in the secondary market. SOF V is the first fund closed since Glendower completed a strategic merger with CVC in 2022.
Glendower operates in the private equity secondaries mid-market, targeting buyout fund investments managed by high quality GPs.
For more information, please see Glendower’s press release.
The Debevoise team advising Glendower was led by partner Matthew Dickman, and included partner Geoffrey Kittredge, and associates Emma Habanananda, Kay Hunter, Yannis Paradeisiadis, and Andrew Seow. European and UK regulatory advice was provided by partner Patricia Volhard, international counsel Jin-Hyuk Jang and John Young, and associates Eric Olmesdahl and Eike Björn Weidner. U.S. regulatory advice was provided by partners Marc Ponchione and Jeff Robins, and counsel Sheena Paul. Tax advice was provided by partners Peter Furci and Richard Ward, international counsel Matthew Pincus and Jennifer Wheater, and associates Paul Eastham, John Nelson, Erasmo Perez, and Veronika Polakova. Finance advice was provided by partner Tom Smith, and associate Anna Moore. ERISA advice was provided by counsel Douglas Hirn.