DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Cvc Secondary Partners (U.S.), LLC

Asset manager (funds and pooled vehicles)New York, New YorkCRD 289554SEC 801-112163websiteIAPD
Latest filing Jul 9, 2026
First filing on the tape Nov 14, 2017 · 21 filings
SEC status approved since Dec 13, 2017
RAUM
$22B
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
45
19 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
22
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$22B as of Jul 9, 2026
Mar 28, 2018$2.8B then
HNW client RAUM$0 as of Jul 9, 2026
Mar 28, 2018$0 then
State-registered IARs (5.B.3)0 as of Jul 9, 2026
Mar 28, 20180 then
Employees (5.A)45 as of Jul 9, 2026
Mar 28, 20188 then
Private funds22 as of Jul 9, 2026
Mar 29, 20191 then
RAUM +18% over the last fiscal year+18% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jul 9, 2026; every figure names its basis
Archetypes, each a printed rule
  • PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$716MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+18%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$21B, 25 clientsreportedItem 9.A
Ownership
a PE fund or sponsor is a 25 percent or greater owner on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$22B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
31reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$21B for 25 clientsreported
Compensation
n/areported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      13 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Glendower Capital Secondary Opportunities Fund V, ScspPrivate Equity Fund$7.0B316Mar 31, 2022
      Glendower Capital Secondary Opportunities Fund IV, LPPrivate Equity Fund$3.2B144Mar 29, 2019
      Glendower Capital Secondary Opportunities Fund V-P, LPPrivate Equity Fund$2.1B102Mar 31, 2022
      Glendower Capital Secondary Opportunities Fund V-P(E), ScspPrivate Equity Fund$1.0B51Mar 31, 2022
      Glendower Capital Secondary Opportunities Overage Fund II, ScspPrivate Equity Fund$344M24Mar 31, 2022
      Glendower Capital Strategic Partnership A, ScspPrivate Equity Fund$277M15Mar 31, 2022
      Glendower Capital Strategic Partnership 423 (Lux), ScspPrivate Equity Fund$141M8Mar 31, 2022
      Glendower Capital Secondaries Cfo, LLCSecuritized Asset Fund$126M41Mar 29, 2024
      Glendower Capital Sof IV Overflow, LPPrivate Equity Fund$112M13Mar 20, 2020
      Glendower Capital Klein Co-Invest, LPPrivate Equity Fund$80.6M9Mar 20, 2020
      Glendower Capital Strategic Partnership 422, LPPrivate Equity Fund$61.0M6Mar 29, 2021
      Glendower Capital Strategic Partnership 2021 (B), LPPrivate Equity Fund$54.6M3Mar 31, 2022
      Glendower Capital Strategic Partnership V-1 (Nevelson), ScspPrivate Equity Fund$015Mar 29, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • Jason Adam Graev · Non-Member Manager And Head Of Americas Of Glendower Capital (U.S.), LLCcontrol
        since 06/2017 · owns less than 5%
      • Charles Thomas Hodge · General Counsel, Chief Operating Officer, And Chief Compliance Officercontrol
        since 08/2019 · owns less than 5%
      • (Nmn) Adam King · Chief Financial Officercontrol
        since 11/2020 · owns less than 5%
      • Carlo Pirzio-Biroli · Chief Executive Officer And Managing Partnercontrol
        since 06/2017 · owns less than 5%
      • Charles Fairley Alistair Smith · Chief Investment Officer And Managing Partnercontrol
        since 06/2017 · owns less than 5%
      Entity owners
      • Glendower Capital (U.S.), LP · Member Of Glendower Capital (U.S.), LLC
        direct · owns 75% or more
      • Cvc Capital Partners Plc · Shareholder
        indirect · owns 75% or more of Cvc Management Holdings II Limited
      • Cvc Green Holdings Limited · Shareholder
        indirect · owns 75% or more of Glendower Capital (Holdings) Ltd.
      • Cvc Management Holdings II Limited · Shareholder
        indirect · owns 75% or more of Cvc Green Holdings Limited
      • Cvc Nominees Limited · Shareholder
        indirect · owns 25% to 50% of Cvc Capital Partners Plc
      • Glendower Capital (Holdings) Ltd. · 100% Owner
        indirect · owns 75% or more of Glendower Capital (U.S. Gp), LLC
      • Glendower Capital (U.S. Gp), LLC · General Partner Of Glendower Capital (U.S.), LP
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      • Cvc Advisors (U.S.) Inc.
        investment advisernRAUM $26B
      • Glendower Capital Gpco (Luxembourg II) S.A.R.L
        bankpooled vehicle sponsorn
      • Glendower Capital Gpco (Luxembourg) S.A.R.L
        bankpooled vehicle sponsorn
      • Glendower Capital Sof IV (Feeder Gp) Limited
        bankpooled vehicle sponsorn
      • Glendower Capital Sof IV (Gp) Limited
        bankpooled vehicle sponsorn
      • Glendower Capital Sof V (Gpco.) S.A.R.L
        pooled vehicle sponsorn
      • Glendower Capital Sp B Gp Limited
        bankpooled vehicle sponsorn
      • Glendower Capital Sp Gp, LLC
        bankpooled vehicle sponsorn
      • Glendower Capital, Llp
        investment adviserbankn
      Advisers that list Cvc Secondary Partners (U.S.), LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • low discretionary shareStatic outlier · filing Jul 9, 2026
        discretionary share of RAUM of 0% against a peer median of 100% (512 comparable advisers, 0.0th percentile, 33.7 robust deviations)
        peers: asset managers, $20B and over (512) · 0.0% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 19 to 31
        Feb 17, 2026 to Mar 30, 2026
      • Advisory employees · 17 to 19
        Feb 17, 2026 to Mar 30, 2026
      • Pooled vehicle clients · 19 to 31
        Feb 17, 2026 to Mar 30, 2026
      • Assets in custody · $18B to $21B
        Feb 17, 2026 to Mar 30, 2026
      • Employees · 39 to 45
        Feb 17, 2026 to Mar 30, 2026
      • Private funds · 19 to 22
        Feb 17, 2026 to Mar 30, 2026
      • Non-discretionary RAUM · $19B to $22B
        Feb 17, 2026 to Mar 30, 2026
      • Pooled vehicle RAUM · $19B to $22B
        Feb 17, 2026 to Mar 30, 2026
      • RAUM · $19B to $22B
        Feb 17, 2026 to Mar 30, 2026
      • Assets in custody · unset to 17712364705.0
        Feb 14, 2025 to Mar 28, 2025
      • Custody of client assets · false to true
        Feb 14, 2025 to Mar 28, 2025
      • Financial planning clients · unset to
        Feb 14, 2025 to Mar 28, 2025
      • Private funds · 13 to 19
        Feb 14, 2025 to Mar 28, 2025
      • Non-discretionary RAUM · $16B to $19B
        Feb 14, 2025 to Mar 28, 2025
      • Pooled vehicle RAUM · $16B to $19B
        Feb 14, 2025 to Mar 28, 2025
      • RAUM · $16B to $19B
        Feb 14, 2025 to Mar 28, 2025
      • Business name · GLENDOWER CAPITAL to CVC SECONDARY PARTNERS (U.S.), LLC
        Jul 19, 2024 to Feb 14, 2025
      • Legal name · GLENDOWER CAPITAL (U.S.), LLC to CVC SECONDARY PARTNERS (U.S.), LLC
        Jul 19, 2024 to Feb 14, 2025
      • Accounts · 16 to 19
        Mar 31, 2023 to Mar 29, 2024
      • Advisory employees · 14 to 17
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 16 to 19
        Mar 31, 2023 to Mar 29, 2024
      • Employees · 29 to 39
        Mar 31, 2023 to Mar 29, 2024
      • Private funds · 11 to 13
        Mar 31, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $14B to $16B
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $14B to $16B
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $14B to $16B
        Mar 31, 2023 to Mar 29, 2024
      • Advisory employees · 12 to 14
        Sep 20, 2022 to Mar 31, 2023
      • Employees · 25 to 29
        Sep 20, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $11B to $14B
        Sep 20, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $11B to $14B
        Sep 20, 2022 to Mar 31, 2023
      • RAUM · $11B to $14B
        Sep 20, 2022 to Mar 31, 2023
      • Accounts · 7 to 16
        Jul 14, 2021 to Mar 31, 2022
      • Advisory employees · 7 to 12
        Jul 14, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 7 to 16
        Jul 14, 2021 to Mar 31, 2022
      • Employees · 17 to 25
        Jul 14, 2021 to Mar 31, 2022
      • Private funds · 4 to 11
        Jul 14, 2021 to Mar 31, 2022
      • Non-discretionary RAUM · $5.8B to $11B
        Jul 14, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $5.8B to $11B
        Jul 14, 2021 to Mar 31, 2022
      • RAUM · $5.8B to $11B
        Jul 14, 2021 to Mar 31, 2022
      • Accounts · 10 to 7
        Mar 20, 2020 to Mar 29, 2021
      Signals
      8 dated events
      • Elizabeth Deirdre Davies (Member And Chief Operating Officer Of Glendower Capital, Llp) no longer on Schedule A of Cvc Secondary Partners (U.S.), Llc (listed 2023-03-31, absent 2024-03-29)
        Mar 29, 2024 · Control person left · inference
      • Chung Chi Cheung (Shareholder) no longer on Schedule A of Cvc Secondary Partners (U.S.), Llc (listed 2022-09-20, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • Charles Joshua Glaser (Shareholder) no longer on Schedule A of Cvc Secondary Partners (U.S.), Llc (listed 2022-09-20, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • Cvc Secondary Partners (U.S.), Llc reported RAUM $11.3B, up 95% from $5.8B (2021-07-14 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • (Nmn) Adam King (Chief Financial Officer) appeared on Schedule A of Cvc Secondary Partners (U.S.), Llc
        Mar 29, 2021 · Control person joined · fact
      • Charles Thomas Hodge (Chief Compliance Officer And General Counsel) appeared on Schedule A of Cvc Secondary Partners (U.S.), Llc
        Aug 29, 2019 · Control person joined · fact
      • Cvc Secondary Partners (U.S.), Llc reported RAUM $5.0B, up 78% from $2.8B (2018-10-05 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • Glendower Capital filed its initial SEC registration (Form ADV)
        Nov 14, 2017 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/cvc-secondary-partnersreportedpublic record, Form ADV, Sep 18, 2026
      Website
      cvc.com/strategies/secondariesreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      1 212 653 8400reportedpublic record, Form ADV, Jul 9, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026