Cinven Partners closes 5th fund at €5 billion

Cinven Partners closed its Fifth European Buyout Fund with €5 billion ($6.5 billion), spokeswoman Vanessa Maydon said.

About 38% of the total commitments came from public pension funds. Sovereign wealth funds made up 15% while corporate pension funds accounted for 12% of the total commitments. Almost half of the total commitments were sourced from investors in the Americas.

U.S. institutional investors include the $90.9 billion New York State Teachers' Retirement System, Albany, which committed €100 million, and the $10.7 billion Ohio School Employees Retirement System, Columbus, which committed €30 million.

Other investors include the £23 billion ($35 billion) Barclays Bank UK Retirement Fund, London; £18 billion Railways Pension Scheme, London; and the Coal Pension Trustees Investment, the internal investment management group for the £11 billion Mineworkers Pension Scheme and the £8.7 billion British Coal Staff Superannuation Scheme, both of Sheffield, England.

— Contact Thao Hua at thua@pionline.com | @Hua_PI