Europe

Norway’s $2trn-odd state fund is ‘wildly underallocated’ to property, to which it has a $60bn allocation, says real estate head Alex Knapp.

The raise of Secondary Opportunities Fund VI proves the rationale behind CVC and legacy Glendower Capital’s tie-up ‘was right’, CVC Secondary Partners’ head tells PEI Secondaries Investor.

The institution is looking to boost its infrastructure exposure and eyeing further opportunities in private equity and real estate secondaries, says founder and CEO Antoine Prudent.

Recruitment software platform Talentech has already been the subject of a CV, having been moved into a multi-asset vehicle by joint owner Verdane earlier this year.

The investment manager for Denmark’s Novo Nordisk Foundation put capital into a private equity continuation fund in Asia last year alongside KKR, Amit Kakar tells Secondaries Investor.

The transaction values engineering services company H&MV at €1.4bn.

Secondaries-focused fundraising totals represented just 4% of private real estate fundraising in 2025, but the strategy continues to attract capital commitments.

The modular buildings provider, which is part owned by MML, raised £360m from a group of European infrastructure investors.

The continuation fund houses eight assets, with five to six making up the bulk of net asset value, Secondaries Investor understands.

The €2.3bn Fund V has raised more than double the amount of its 2021-vintage, €1bn predecessor.