Private Equity

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.

WSJ Logo
Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached