Luxembourg-based CVC, a private equity and investment advisory firm, announced on Thursday, July 20, that it has closed the CVC Capital Partners IX (“Fund IX”) at €26B, exceeding its €25B target.
This milestone marks a significant achievement as CVC Capital Partners IX now holds the record for the largest-ever private equity fundraising, surpassing Blackstone’s Capital Partners VIII, which raised $26.2 billion in 2019.
The new fund’s predecessor, CVC Capital Partners VIII, raised €22.3 billion in 2020.
Rob Lucas, Managing Partner, says, “We are extremely grateful to our investors for their support during the Fund IX fundraising. Our consistent outperformance across multiple cycles has allowed us to build long-term relationships with the highest quality institutional investors.”