Thursday, 28 May 2015
Last updated 41 min ago
Dec 18 2013 | 12:23pm ET
CVC Capital Partners has held the first close for its fourth Asian private-equity fund, garnering more than half the total it expects to raise for the vehicle.
The London-based firm began fundraising for the fund earlier this year and has won US$2 billion in commitments. CVC has set a US$3.3 billion fundraising target and expects to raise US$3.5 billion, according to The Wall Street Journal.
CVC raised $4.1 billion for its last Asia fund in 2008.
CVC's success with the fourth fund comes in spite of a high-profile failure in Australia last year, when it suffered a $1.4 billion loss on media company Nine Entertainment. CBC has since abandoned the Australian and Indian markets, and will focus on Southeast Asia and Greater China.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…