CVC Capital co-founder and co-chair Donald Mackenzie
(Bryn Lennon/Getty Images)
CVC Capital Partners has reportedly closed its eighth flagship buyout fund on around €21.3 billion (about $24.1 billion), making it Europe’s largest buyout fund to date.
The vehicle, which tore through its initial €17.5 billion target, is the first European mega-fund—vehicles with more than $5 billion in commitments—to reach a close since the COVID-19 crisis began.
The close could mark a rebound for European PE fundraising activity, which saw a significant drop in Q1 with just €10.9 billion raised across 20 vehicles, according to PitchBook’s Q1 European breakdown report.
Article Source Pitch book
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