CVC racks up $6.8bn for sixth Asia fund

Asia VI is 50 percent larger than its predecessor, CVC Capital Partners Asia V, which was raised in 2020 and closed at $4.5 billion.

  • As a result of this fundraising, CVC has now raised over $21 billion of commitments across its Asia-focused funds
  • Asia VI will focus on businesses in core consumer and services sectors across Asia
  • Currently, CVC manages $199 billion of assets under management

CVC Capital Partners has closed its sixth Asia fund at $6.8 billion, beating its $6 billion target.

Asia VI is 50 percent larger than its predecessor, CVC Capital Partners Asia V, which was raised in 2020 and closed at $4.5 billion.

As a result of this fundraising, CVC has now raised over $21 billion of commitments across its Asia-focused funds.

Asia VI will focus on businesses in core consumer and services sectors across Asia.

On the fundraising, Sigit Prasetya, managing partner and head of CVC Asia, said in a statement, “We are delighted to welcome our new investors and are grateful for the trust and continued support of our returning investors. With the successful close of Asia VI, we will continue to leverage our deep industry expertise, pan-regional local office presence and the global CVC Network to identify attractive investment opportunities and partner with founders and high quality management teams, in the fast-growing Asian private equity markets.”

Founded in 1981, CVC is based in Luxembourg. Currently, CVC manages $199 billion of assets under management.