Latest fundraising continues the platform’s successful track record, with CVC’s long-term private equity strategy having secured total commitments of over €13 billion across three vintages.
CVC is pleased to announce the final close of CVC Strategic Opportunities III with total commitments of €4.61 billion, matching the size of its predecessor fund, CVC Strategic Opportunities II, and significantly increasing the number of investors committed to the strategy.
CVC's Strategic Opportunities platform invests in high-quality, stable businesses that present an attractive risk-return profile over a longer investment horizon relative to traditional private equity mandates. Focused on Europe and North America, CVC Strategic Opportunities typically invests for a longer period compared to the broader private equity industry’s average hold period. Through the platform’s long-term approach, CVC seeks to maximize value creation initiatives on behalf of its investors and portfolio companies. The team often partners with founding families or foundations seeking long-term capital and operational resources to take their business to the next stage of development.
We are truly grateful to our investors for supporting this fundraise, which reinforces our conviction that there is significant demand for a successful, longer-term private equity strategy
Lorne Somerville Managing Partner and Co-Head CVC Strategic Opportunities
Lorne Somerville, Managing Partner and Co-Head CVC Strategic Opportunities said: "We are truly grateful to our investors for supporting this fundraise, which reinforces our conviction that there is significant demand for a successful, longer-term private equity strategy. As we embark on investing our third vintage, adding to our strong, stable and performing portfolio, we believe we are well-positioned to continue delivering consistent and attractive returns for our Strategic Opportunities investors.”
Jan Reinier Voûte, Managing Partner and Co-Head CVC Strategic Opportunities, added: "Over our previous two vintages, we have built a strong track record through our long-term approach to value creation. Looking at our pipeline, we’re energised by the opportunities to partner with high-quality businesses and drive enduring growth, leveraging our team’s robust operational resources.”
Since inception, the platform has committed over €7.5 billion to 18 businesses offering long-term strategic development opportunities across sectors and geographies. Examples of CVC Strategic Opportunities investments include: Asplundh, the market leader in vegetation management and other services to major utilities in North America, Australia and New Zealand; Sebia, a world-leading provider of diagnostic testing equipment; and most recently, Hempel, a leading international supplier of coating solutions.