Jonathan Au, former managing director at CVC Secondary Partners, has joined Revelation Partners as a partner in its California headquarters. The healthcare-focused secondaries firm announced Au's arrival alongside associate Jordan Bloom, previously at Carlyle AlpInvest. Au brings extensive experience in GP-led transactions, having worked on deals across business and healthcare services sectors during his tenure at CVC.

Au's career includes principal roles at Glendower Capital and nearly seven years as vice-president at Goldman Sachs, where he co-headed GP-led liquidity solutions and restructurings. His appointment comes as Revelation Partners advances its latest fund, Revelation Healthcare Fund V, following the successful $608 million close of its prior fund ahead of its $500 million target in October 2023. The firm manages $1.5 billion in committed capital across all healthcare sub-sectors.

Healthcare represented 14 percent of GP-led industry exposure by volume in 2025, matching the previous year's share according to Campbell Lutyens data. GP-led secondaries volume reached $93 billion last year, up from $65 billion in 2024. Revelation's Fund IV specifically targeted healthcare GPs with liquidity options including direct liquidity and continuation vehicles, positioning the firm to capitalize on growing demand for specialized healthcare secondaries solutions.