CVC Capital Partners, the UK buy-out group, has raised $4.1bn for its new Asia Pacific fund, the biggest sum raised for the region, reflecting rising investor interest in emerging market buy-outs. The new fund, twice the size of CVC’s previous $1.98bn Asian fund, is the firms first for Asian investments since it bought out Citigroup, its former parent, from their regional joint venture. Citi remains one of the biggest investors in the new fund, contributing $500m. CVC is also close to reaching its €11bn target for a new global buy-out fund, having already secured commitments for €9bn.

This entry was posted by Gwen Robinson on Friday, April 18th, 2008 at 5:36 and is filed under Capital markets, M&A, Private equity. Tagged with citi, cvc. Edit this entry.