Monday, 30 March 2015
Last updated 3 hours ago
Jul 22 2013 | 8:22am ET
European buyout firm CVC Capital Partners has reached its goal of raising €10.5 billion for its flagship fund.
The vehicle—CVC Capital Fund VI—which debuted in January, is the largest launch of a private equity fund by a European firm since 2008. Ninety percent of the capital raised came from investors in previous CVC funds.
Steve Koltes, CVC co-chairman, said, "We are pleased and honored that the investment community has shown so much interest in our latest flagship fund. It is a vote of confidence in Europe and in CVC's deeply-rooted and highly qualified professionals across the region."
CVC—which is the private equity owner of Formula One racing—manages funds on behalf of over 300 investors from North America, Europe, Asia and the Middle East.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…