(Finance) – CVC, a global leader in private markets management, focused on private equity, secondaries and infrastructure, has closed its sixth Asia-focused fund, CVC Capital Partners Asia VI, with $6.8 billion in commitments. Asia VI is 50% larger than its predecessor, CVC Capital Partners Asia V, which raised in 2020 and closed at $4.5 billion.
Asia VI recorded a strong demand from new and returning investors, allowing it to significantly exceed the $6 billion target and the initial hard cap. The fund leads CVC’s Asia platform to become one of the region’s leading players, having now raised over $21 billion in commitments across its Asia-focused funds.
Asia VI will focus on ownership, co-control and partnership investments in high-quality businesses across Asia’s core consumer and services sectors. CVC has been active in Asia since 1999 and has made more than 80 acquisitions in the region during this time.
“With the successful closure of Asia VI, We will continue to leverage our deep industry experiencethe presence of pan-regional local offices and CVC’s global network to identify attractive investment opportunities and partner with high-quality founders and management teams, in the fast-growing Asian private equity markets, he said Sigit Prasetya, Managing Partner and Head of CVC Asia.
Asia VI is the latest successfully completed fundraising across CVC’s private equity, secondaries and credit strategies, including: CVC Capital Partners Fund IX (€26 billion); Glendower Capital Secondary Opportunities Fund V ($5.8 billion); and CVC CLO Equity III ($800 million), each of which reached their respective hard caps.
CVC manages $199 billion (€188 billion) of AUM globally across seven complementary investment strategies including CVC Europe/Americas, CVC Asia, CVC Strategic Opportunities, CVC Growth, CVC Secondaries (Glendower), CVC Credit and CVC Infrastructure (DIF Capital Partners).