Deals
CVC Capital Closes Record 21 Billion-Euro Buyout Fund
- Flagship private equity fund is largest raised so far in 2020
- Bain, EQT among firms chasing cash from yield-hungry investors
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CVC Capital Partners has completed a 21.3 billion-euro ($24 billion) fundraising for its eighth flagship fund, people familiar with the matter said, in the private equity industry’s largest new pool of capital so far this year.
The buyout fund, which is CVC’s biggest ever, will focus on investments in Europe and the U.S., according to the people, who asked not to be identified because the information is private. CVC is closing the fund at its hard cap, surpassing its original target of 17.5 billion euros for the vehicle, the people said.