CVC Capital Partners closes Fund VII CVC Capital Partners (“CVC”) today announced the close of CVC Capital Partners VII (“Fund VII”), its latest flagship fund for private equity investments in Europe and North America. The fund closed with a hard cap of €15.5 billion. Together with the commitments of CVC and its employees, Fund VII will have over €16 billion of equity capital available to invest.
Steve Koltes (Foto), Co-Chairman of CVC, said: “We are honoured to have received such strong support from our investors across the world. We value greatly their continued trust in our ability to invest their capital well.” In addition to this flagship fund focused on private equity investments in Europe and North America, CVC operates three other private equity strategies: CVC Capital Partners Asia Pacific, the firm’s Asian private equity platform; CVC Strategic Opportunities Platform, which focusses on stable long term investment opportunities; and CVC Growth Partners, which invests in high-growth, middle-market companies in the software and technology-enabled business services sectors. Across all four strategies CVC manages €34 billion of active private equity funds.
About CVC Capital Partners
CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 23 offices and approximately 400 employees throughout Europe, Asia and the U.S. To date, CVC has secured commitments of over US$107 billion from some of the world’s leading institutional investors across its private equity and credit strategies. In total, CVC currently manages over US$65 billion of assets. Today, funds managed or advised by CVC are invested in 50 companies worldwide, employing c.310,000 people in numerous countries. Together, these companies have combined annual sales of over US$70 billion.