Private Equity

CVC aims to raise a record €20bn for European fund

The firm is preparing to launch the largest-ever buyout fund in the region with a €20bn target

CVC Capital Partners is preparing to break its own record and raise €20bn for what would be the largest-ever buyout fund in Europe.

CVC's eighth buyout fund will follow the same strategy as its predecessor, CVC Capital Partners VII, closed in 2018 at €16bn, a person familiar with the business said. The fund will mainly target businesses in Europe and North America. The target for the flagship fund was first reported by Reuters.

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