CVC, a leading global private markets manager focused on private equity, secondaries, credit and infrastructure is pleased to announce the closing of its sixth Asia fund, CVC Capital Partners Asia VI ("Asia VI"), with US$6.8 billion in commitments. Asia VI is 50% larger than its predecessor, CVC Capital Partners Asia V, which was raised in 2020 and closed at US$4.5 billion.
Asia VI saw strong demand from new and returning blue chip investors, enabling it to significantly exceed its US$6 billion target and original hard cap. The fund lifts CVC’s Asia platform to one of the leading players in the region, having now raised over US$21 billion of commitments across its Asia focused funds.
The strong growth of CVC’s Asia platform has been underpinned by CVC’s investment in the region over recent years, further improving its extensive regional network, deep local knowledge and sector expertise, and strengthening its investment capabilities across the region.
CVC Asia also works closely with CVC’s other private equity strategies, both complementing and utilising the relationships and knowledge of the broader CVC Network, to enhance origination capabilities and create sustainable value in the businesses it backs.
Asia VI will focus on control, co-control and partnership investments in high quality businesses in core consumer and services sectors across Asia. CVC has been active in Asia since 1999 and in this time it has made more than 80 acquisitions in the region.
We are delighted to welcome our new investors and are grateful for the trust and continued support of our returning investors.
Sigit Prasetya Managing Partner and Head of CVC Asia
Sigit Prasetya, Managing Partner and Head of CVC Asia, said: "We are delighted to welcome our new investors and are grateful for the trust and continued support of our returning investors. With the successful close of Asia VI, we will continue to leverage our deep industry expertise, pan-regional local office presence and the global CVC Network to identify attractive investment opportunities and partner with founders and high quality management teams, in the fast-growing Asian private equity markets.”
We have invested significantly in CVC Asia over recent years and are delighted with its excellent progress. CVC Asia is one of the growth engines for our private equity platform and we look forward to the continued expansion and success of this strategy.
Rob Lucas CVC Managing Partner
Rob Lucas, CVC Managing Partner, added: “We have invested significantly in CVC Asia over recent years and are delighted with its excellent progress. CVC Asia is one of the growth engines for our private equity platform and we look forward to the continued expansion and success of this strategy.”
Asia VI is the latest successful fundraising completed across CVC’s private equity, secondaries and credit strategies, including: CVC Capital Partners Fund IX (€26 billion); Glendower Capital Secondary Opportunities Fund V (US$5.8 billion); and, CVC CLO Equity III (US$800 million), each of which closed at their respective hard cap.
CVC manages US$199 billion (€188 billion) of AUM globally across seven complementary investment strategies comprising CVC Europe/Americas, CVC Asia, CVC Strategic Opportunities, CVC Growth, CVC Secondaries (Glendower), CVC Credit and CVC Infrastructure (DIF Capital Partners).