Thursday, 21 August 2014
Last updated 2 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note