Saturday, 4 July 2015
Last updated 1 day ago
Feb 25 2014 | 11:34am ET
Private-equity firm CVC Capital Partners has garnered US$3 billion for its latest fund, which will focus on Asia.
The London-based firm expects to finish fundraising for the vehicle, its fourth Asian fund, in the first half of this year, The Wall Street Journal reports. CVC expects to net a total of US$3.5 billion for the fund.
The firm began raising the new fund last year, five years after attracting US$4.1 billion for its last Asia fund. Fundraising efforts do not appear to have been hampered by CVC's high-profile loss of US$1.4 billion on Australian media company Nine Entertainment last year, leading it to quit Australia and India to 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…