Europe-based private equity firm CVC Capital Partners has raised over $4.45bn to date for a new Asia-focused fund, according to a report by Reuters citing the firm’s most recent US Securities and Exchange Commission (SEC) regulatory disclosure.
The report also cites unnamed sources familiar with the matter as revealing that CVC is targeting to raise $6bn in total for the fund, which would make the new vehicle the firm’s largest to date for the region.
The SEC filing does not disclose when Bain expects to finalise fundraising for the fund.
Separate public disclosures show that the funds investors to date include the Canadian Pension Plan Investment Board and The Oregon Public Employees Retirement System
Bain Capital raised $4.5bn in its previous Asia fund which closed in 2020.