Wednesday, 25 November 2015
Last updated 12 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…