CVC Beats Target With $13.8B For Latest Buyout Fund

Law360, New York (July 22, 2013, 1:33 PM EDT) -- London private equity firm CVC Capital Partners hit the €10.5 billion ($13.8 billion) hard cap for its newest fund, beating an initial target of €9 billion thanks mainly to repeat investors looking for a piece of future buyouts, it said Monday.

The announcement came after CVC Capital on Friday formally tallied €10.25 billion in investor commitments for future Europe- and North America-focused buyouts, rounding out a fundraising effort that kicked off in January. The remaining €250 million slice has been allocated, and it's expected to officially...
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