Private Equity: CVC Capital Partners Plans Mother of All Buyout Funds

March 2, 2020 | News, Private Equity

CVC Capital Partners is reportedly seeking to raise up to 20 billion euros for a new flagship fund. That fund, in U.S. terms, is worth roughly $22 billion.

Reuters reports that the private equity ship could possibly set the company record for the largest capital pool on record. The CVC Capital Partners Fund VIII would invest in companies in North America and Europe. Reuters suggests that the firm will end up raising between 17 billion euros and 20 billion euros.

CVC Capital Partners Aims for Massive Raise

The new fund would likely top its 2017 fund that raised 16.4 billion euros. That fund successfully obtained 46% of its commitments from North American investors. It obtained 23% from European investors, 17% from investors in the Asia-Pacific region, and 11% from the Middle East. Its sixth fund, which raised 10.5 billion euros had increased its value by 1.4 times from its original investment commitments, as of June 2019.

The new fund would likely be the largest since Blackstone Group (NYSE: BX) raised $26 billion for its eighth flagship fund in 2018. It would likely top the $16 billion raised by Vista Equity Partners last year.

The recent pullback in the equity markets has helped soothe worries about stretched valuations. However, as we have noted, companies are sitting on trillions in dry powder and continue to seek opportunities in a competitive environment.

Recent: Community Banking: Gulf Capital Bank Announces Formation of De Novo Bank

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