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CVC raises $6.8bn for sixth Asia fund

CVC Capital Partners, a global private markets manager focused on private equity, secondaries, credit and infrastructure, has closed its sixth Asia fund, CVC Capital Partners Asia VI (Asia VI), with a total of $6.8bn in capital commitments.

Asia VI is 50% larger than its predecessor, CVC Capital Partners Asia V, which was raised in 2020 and closed at $4.5bn.

Asia VI attracted strong support from new and returning blue chip investors, enabling it to significantly exceed its $6bn target and original hard cap. The closing takes the total raised by CVC for its Asia platform to over $21bn.

Asia VI will focus on control, co-control and partnership investments in businesses in core consumer and services sectors across Asia. CVC has been active in Asia since 1999 and has made over 80 acquisitions in the region.

Asia VI is the latest successful fundraising completed across CVC’s private equity, secondaries and credit strategies, including: CVC Capital Partners Fund IX (€26bn); Glendower Capital Secondary Opportunities Fund V ($5.8bn); and, CVC CLO Equity III ($800m), all of which closed at their respective hard cap.

CVC manages $199bn (€188bn) in AUM globally across seven investment strategies comprising CVC Europe/Americas, CVC Asia, CVC Strategic Opportunities, CVC Growth, CVC Secondaries (Glendower), CVC Credit and CVC Infrastructure (DIF Capital Partners).

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