Saturday, 30 August 2014
Last updated 1 day ago
Jun 28 2013 | 12:16pm ET
CVC Capital Partners has raised so much for its latest private-equity fund in just six months it will have to turn down some investors.
The firm had sought €9 billion for CVC European Equity Partners VI with a hard-cap of €10.5 billion. It attracted pledges in excess of €14 billion, the Financial Times reports.
London-based CVC can only accept more money if it gets consent from the fund's existing investors.
But even having to turn away more than €3.5 billion, CVC European VI is the second-largest p.e. fund raised since the financial crisis. The Blackstone Group raised US$16 billion last year—but took four long years of fundraising to do it.
CVC did sweeten the pot for early investors in the fund, offering to waive fees on the first 5% of commitments received before its first close.
CVC raised €10.8 billion for its last fund, in 2008.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...