CVC Capital Partners Reaches €10.5B Fundraising Goal

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...