PE firm CVC Capital raises USD 6.8 bn

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Mumbai, Feb 21 (PTI) Private equity and investment advisory firm CVC Capital Partners on Wednesday said it has mopped up USD 6.8 billion (around Rs 56,366 crore)...

The Luxembourg-based company has over USD 1 billion investments in four domestic companies the Indian Premier League franchise Gujarat Titans, Healthcare Global, Sajjan India and United Lex, according to a statement...

In the statement, CVC, which is focused on private markets, private equity, secondaries, credit and infrastructure, said the fund closure is 50 per cent larger than its predecessor fund, that raised USD 4.5 billion in 2020...

This makes CVC one of the leading PE players in the region, having raised over USD 21 billion across its Asia-focused funds...

The company manages USD 199 billion AUM (asset under management) globally across seven complementary investment strategies comprising CVC Europe/Americas, CVC Asia, strategic opportunities, growth, secondaries, credit and infrastructure...