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Cinven to close latest fund on €7 billion

London-based firm eases past fundraising target amid high levels of demand for high-profile funds; Apax closing on commitments of $6bn

Cinven's offices are close to St Paul's in the City
Cinven's offices are close to St Paul's in the City Photo: iStockPhoto

Cinven has raised €7 billion of new money from investors, becoming the latest private equity firm to ease past a fundraising target amid high levels of demand for high-profile funds.

The London-based firm has stopped fundraising for its sixth buyout fund and is in the process of wrapping up the legal documentation, according to a person familiar with the matter. It will hold a first and final close on April 28.

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