Private Equity News Europe – CVC Closes €26 Billion Buyout Fund, the Largest Ever
CVC Capital Partners, a leading private equity firm, has closed its ninth buyout fund at €26 billion ($29.2 billion). This makes it the largest buyout fund ever raised, surpassing the previous record of $26.2 billion set by Blackstone in 2019.
CVC’s ninth buyout fund, known as CVC Capital Partners IX, attracted strong demand from institutional investors, including pension funds, sovereign wealth funds, and university endowments. The fund was oversubscribed, with investors committing more money than CVC had initially sought.
Private Equity News Europe
CVC will use the new fund to acquire and invest in businesses across a range of industries, including healthcare, financial services, technology, and consumer goods. The firm has a long track record of success in the buyout market, and it has a strong reputation for its ability to add value to its portfolio companies.
The closing of CVC’s ninth buyout fund is a sign of the continued strength of the private equity market. Despite the recent economic challenges, investors are still willing to commit significant sums of money to private equity funds. This is because private equity offers the potential for high returns, and it can provide investors with exposure to businesses that are not available to the public markets.
The closing of CVC’s ninth buyout fund is also a sign of the growing importance of Europe in the private equity market. In recent years, European private equity firms have raised record amounts of money, and they have become increasingly active in the global buyout market. This is due in part to the strong performance of the European economy, and it is also due to the fact that European private equity firms have a reputation for being more value-oriented than their US counterparts.
The closing of CVC’s ninth buyout fund is a significant event in the private equity market. It is a sign of the continued strength of the market, and it is a sign of the growing importance of Europe in the global buyout market. It will be interesting to see how CVC deploys the new fund, and it will be interesting to see how the fund performs in the years to come.
CVC Capital Partners is a leading private equity firm with over €100 billion in assets under management. The firm was founded in 1981, and it has offices in 17 countries. CVC invests in a variety of asset classes, including buyouts, growth equity, and infrastructure. The firm has a strong track record of success, and it has invested in some of the leading companies in the world.
Private Equity News Europe
