CVC Capital Partners, one of the world's largest private equity and investment advisory firms, is pleased to announce that it has successfully raised US$4.5 billion for its fifth Asia Pacific fund, CVC Capital Partners Asia Pacific VLP.
Strong demand from a diversified global investor base of new and returning institutional investors, allowed Fund V to exceed its US$4 billion target. The increased fund size from the USD3.5 billion predecessor fund, CVC Capital Partners Asia Pacific IV L.P., reflects the expanded investment capability of CVC's network of eight offices across Asia.
CVC's Asia Pacific strategy is focused on control and partnership investments in high quality businesses in core consumer and services sectors across Asia. To date, CVC has raised US$15 billion of commitments across its Asia Pacific funds and those funds have completed over 65 investments in a wide range of industries.