CVC Capital Partners closed its latest Asia-focused buyout fund, CVC Capital Partners Asia VI, at $6.8 billion, exceeding its $6 billion fundraising target.
The latest fund is 50% larger than its predecessor, the $4.5 billion CVC Capital Partners Asia V, which closed in 2020, CVC said in a news release Feb. 21.
The latest fund will focus on control, co-control and partnership investments in high-quality businesses in core consumer and services sectors across Asia, the news release said.