CVC Raises €4.6 Billion for Longer-Life Private Equity Fund
CVC Capital Partners Plc has raised €4.61 billion ($4.8 billion) for its latest private equity fund dedicated to longer-term investments.
CVC Strategic Opportunities III matches the size of the predecessor, according to a statement Tuesday. The fund puts capital to work for longer than the private equity industry's typical four-to-five-year investment horizon. It will target investments in defensive sectors, using less leverage in exchange for lower returns.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
3 days ago
- Bloomberg
CVC Says Europe Can Be ‘Challenging' as Buyout Rivals Pile In
By and Kat Hidalgo Save CVC Capital Partners Plc Chief Executive Officer Rob Lucas said that investing in Europe can be challenging, as rival private equity firms increasingly look to the region for growth. Investors will need to navigate large cultural and economic differences, and find value amid the region's less efficient markets, Lucas told Bloomberg's Swetha Gopinath on a panel Thursday at the SuperReturn International conference in Berlin. Europe is a 'very, very important area,' though it's a complex place to navigate given the diversity of the different markets and number of smaller economies, he said.
Bloomberg
24-04-2025
- Bloomberg
London IPO Hopeful NewDay Is Said to Attract Bain, Pimco, KKR
NewDay, the British consumer credit provider owned by Cinven and CVC Capital Partners Plc, has attracted interest from alternative asset managers including Pacific Investment Management Co. and KKR & Co., according to people familiar with the matter. A consortium including Bain Capital and Centerbridge Partners is also working on a potential offer, the people said. A deal could value NewDay at £1.5 billion ($2 billion) to £2 billion, said the people, who asked not to be identified as the information is private.
Bloomberg
02-04-2025
- Bloomberg
CVC's Away Resorts to Be Taken Over by Creditors HPS, Permira
CVC Capital Partners Plc is set to turn over control of Away Resorts, a UK holiday home operator, to lenders HPS Investment Partners and the credit arm of Permira Holdings, people with knowledge of the matter said. CVC bought a majority stake in Away Resorts in June 2021 for a reported £250 million ($322 million), through CVC Capital Partners Fund VIII, when the pandemic was fueling demand for outdoor vacations close to home. The operator has more than 20 holiday-rental parks across the country, including in scenic spots like Cornwall and the Isle of Wight, according to its website.
