CapVest Tops PE Titans With $3.8 Billion Continuation Fund

After pulling off Europe’s largest leveraged buyout deal of the year, a lesser-known private equity firm that manages just €12 billion ($13.8 billion) is now lining up one of the world’s biggest continuation funds.

London-based CapVest Partners has secured investments from firms including TPG Inc., ICG Plc and CVC Secondary Partners for a continuation vehicle in a deal that values its nuclear medicine business at about $7 billion. Other investors including Goldman Sachs Asset Management, Ardian and Abu Dhabi’s Lunate participated in the new vehicle for CapVest’s portfolio firm Curium, according to a statement on Thursday.