By announcing this week that it had raised €26 billion for its latest fund, CVC Capital Partners, a European player among the world's largest investment companies, has just set a new world record for fund-raising in the Private Equity sector.
Launched in January 2023, the CVC Capital Partners IX fund, featured in Vintage Altaroc Odyssey 2023, exceeded its initial target of raising €25 billion in just 6 months. Based in Luxembourg, CVC has thus dethroned the American giants Blackstone, Apollo and Advent.
It is an LBO manager exclusively targeting companies in Europe and North America, with a "Value" strategy, i.e. imposing a high degree of discipline around asset quality and entry prices, with 4 sectors of specialization: Tech, Consumer/Sports, Services and Healthcare. In the sports sector, it has invested in rugby with the Six Nations Tournament, soccer with La Liga and the organization of professional tennis tournaments such as the WTA Tour.
Rob Lucas, Managing Partner of CVC, is delighted: "We are extremely grateful to our investors for their support in raising Fund IX. Our consistent outperformance over several cycles has enabled us to build long-term relationships with institutional investors of the highest quality".
Over the past 30 years, CVC has developed its international presence through 25 offices in Europe, North America and Asia, drawing on the expertise of its 850 employees. The company has over $140 billion under management.
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