CVC Targets €9B For Sixth Fund

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.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note