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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR