Monday, 4 May 2015
Last updated 2 days ago
Jan 31 2013 | 1:06pm ET
CVC Capital Partners is seeking €9 billion for its sixth private-equity fund, one of the highest fundraising targets for any active p.e. fund.
The London-based firm's target, which is worth about US$12.2 billion, is in line with Warburg Pincus' US$12 billion target for its current fund. But it is less than the €10.75 billion CVC garnered for its last fund five years ago.
CVC could be hoping for a repeat of its 2008 fundraise—it has not capped the size of the sixth fund, Bloomberg News reports. The firm is currently giving prospective investors online access to due diligence materials, with formal marketing documents expected shortly.
CVC has two other active funds. Its fourth fund, raised in 2005, has produced a 17% net internal rate of return, and its European Equity Partners V has an 8.8% net IRR.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…