Fund raises $3.5b to target Asia

CVC Capital Partners announced on Monday that it has successfully raised $3.5 billion for its fourth Asia Pacific fund, CVC Capital Partners Asia Pacific IV LP.

The fund, which began raising capital in June 2013, aims to invest in businesses benefiting from increased consumer affluence and domestic demand in China, Southeast Asia, Japan and South Korea.

CVC has raised over $10 billion for the region and completed more than 46 investments in a wide range of industries.

"We're entering an exciting new phase with our fourth Asia fund, and are well positioned to react to the changing landscape in Asia, whether that is the nascent buyout market in China, or the shifting demographics across the region, CVC has the local teams, local relationships and extensive global network needed to benefit from the excellent opportunities across our core markets,"said Roy Kuan, a managing partner at CVC.

CVC is one of the world's leading private equity and investment advisory firms. Founded in 1981, CVC has secured commitments of over $60 billion in funds from a diverse and loyal investor base, completing more than 300 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of over $150 billion.

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