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 V L.P. ("Fund V").
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 US$3.5 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.
Sigit Prasetya, Managing Partner and Head of CVC's private equity activities in Asia, said: "We would like to welcome our first time investors and thank our returning investors for their continued support of CVC's Asia Pacific strategy. Our investors can be confident that our deep experience of Asia's markets and broad local office network puts us in a good position to navigate safely through these volatile times, while our strong capital position gives us the ability to take advantage of attractive investment opportunities as they arise."