LONDON, February 17, 2026 – Proskauer advised M&G Investments on the expansion of its private equity platform with the completion of a landmark $1.1 billion managed fund secondary transaction in a new strategic partnership with CVC Secondary Partners (CVC).
Under the terms of the partnership, funds advised by CVC have committed $1.1 billion to M&G's 2025 PE Secondary Fund to acquire a portfolio of private equity interests, primarily in mature North American mid-market buyout funds, and to make future co-investments alongside these managers. M&G will maintain the management of the portfolios and the direct relationships with the underlying managers. The transaction is one of the largest managed fund secondary transactions completed globally.
The Proskauer team was led by partner Nick Rose (Private Funds) and included associates Yuri Tsukita, Tiffany Chow, Margherita Cusimano, Lewys Griffiths, Diarmuid Hickey, Adam Hughes and Laurence McGinley (Private Funds). The team also included partners Frazer Money, Jeremy Naylor and Jean Bertrand and associates Emma McDonnell and Eun Ju (EJ) Lee (Tax) and partners John Verwey and Nate Schuur and associates Michael Singh and Sasha Burger (Regulatory).