08/08/2023
#DEAL #PRIVATEEQUITY #FUND #BUYOUTFUND #INVESTMENTFUND #FUNDMANAGEMENT
Arendt & Medernach acted as Luxembourg counsel to CVC in the establishment of its ninth Europe/Americas buyout fund, CVC Capital Partners IX (“Fund IX”). CVC announced that the fund closed at €26 billion, exceeding its €25 billion target—reported by Private Equity International as the largest-ever buyout fund. Its predecessor, CVC Capital Partners VIII, was raised in 2020 and closed at € 22.3 billion. CVC launched Fund IX in January 2023 and has experienced strong demand from a global blue chip investor base of returning and new institutional investors.
CVC manages more than €140 billion of AUM globally across six complementary investment strategies comprising CVC Europe/Americas, CVC Asia, CVC Strategic Opportunities, CVC Growth, CVC Credit and CVC Secondaries (Glendower).
The Arendt & Medernach team included Adrian Aldinger, Tom Berg, Frances Babbage, Rafael de Vega Pascual and Lucca Bruzzi Porto.
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