CVC Capital Partners Raises €15.5B For Seventh Flagship PE Fund

Jun 1 2017 | 9:17pm ET

Global buyout firm CVC Capital Partners has held a final close for its seventh private equity fund, raising €15.5 billion in capital commitments to pursue opportunities in Europe and North America.

The new fund, named CVC Capital Partners VII, closed at its hard cap, the company said in a statement. Together with the commitments of CVC and its employees, Fund VII will have more than €16 billion of equity capital available to invest.  

In addition to Fund VII, CVC operates three other private equity strategies: CVC Capital Partners Asia Pacific, the firm’s Asian private equity platform; CVC Strategic Opportunities Platform, which focusses on stable long term investment opportunities; and CVC Growth Partners, which invests in high-growth, middle-market companies in the software and technology-enabled business services sectors. 

Across all four strategies, CVC manages some €34 billion of active private equity funds.

“We are honored to have received such strong support from our investors across the world,” said Steve Koltes, Co-Chairman of CVC, in the statement. “We value greatly their continued trust in our ability to invest their capital well.” 

Founded in 1981 as the venture capital arm of Citigroup, New York-based CVC Capital became independently owned in 1993 and is now one of the world’s largest private equity and investment advisory firms. The firm has secured commitments of more than $107 billion in a number of fund vehicles and currently manages more than $65 billion in assets. 


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of