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CVC closes USD3.5bn Asia-Pacific fund

CVC Capital Partners has raised USD3.5 billion for its fourth Asia Pacific fund, CVC Capital Partners Asia Pacific IV.

Fundraising commenced in June 2013 and has seen strong demand from institutional investors.
The fund aims to invest in businesses benefitting from increased consumer affluence and domestic demand in Greater China, Southeast Asia and Japan and Korea under the leadership of Roy Kuan, Francis Leung and Sigit Prasetya.
To date, CVC has raised over USD10 billion for the region and completed over 46 investments in a wide range of industries.
Steve Koltes, co-chairman of CVC, says: “Having launched less than a year ago, we are very pleased to have exceeded our target and reached our hard cap so quickly. We are gratified by the strong show of support from many longstanding investors and by the quality and reputation of the institutions investing in our Asian private equity platform for the first time.”
Roy Kuan, managing partner, says: “CVC’s ability to bring global industry expertise, strategic advice and management along with capital has provided us with a competitive edge in Asia. We’re entering an exciting new phase with our fourth Asia fund, and are well positioned to react to the changing landscape in Asia, whether that is the nascent buyout market in China, or the shifting demographics across the region, CVC has the local teams, local relationships and extensive global network needed to benefit from the excellent opportunities across our core markets.” 

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