CVC has closed its CVC Capital Partners IX Fund at €26 billion, making it the largest-ever buyout fund, attracting strong demand from new and returning institutional investors.
CVC has closed its CVC Capital Partners IX Fund at €26 billion, making it the largest-ever buyout fund, attracting strong demand from new and returning institutional investors.
CVC launched its ninth Europe/Americas private equity fund in January this year, with an initial target of €25 billion target. But with a record €26 billion ($29.2 billion) raised, CVC Capital Partners IX now outweighs Blackstone’s $26.2 billion Capital Partners VIII fund.
Its predecessor, CVC Capital Partners VIII, was raised in 2020 and closed at €22.3 billion.
“Our consistent outperformance across multiple cycles has allowed us to build long-term relationships with the highest quality institutional investors,” CVC managing partner Rob Lucas said.
“With Fund IX and our wider family of funds, we look forward to partnering with entrepreneurs and management teams to build better businesses around the world.”
CVC manages more than €140 billion of AUM globally across six complementary investment strategies comprising CVC Europe/Americas, CVC Asia, CVC Strategic Opportunities, CVC Growth, CVC Credit and CVC Secondaries (Glendower).
