LBOS: Private equity heavyweight launches dedicated Asian fund

Global private equity firms increasingly have Asia in their sights. CVC Capital Partners (CVC) a privately owned investment and advisory company, has closed its $1.975 billion Asia Pacific Fund, CVC's second Asia fund and a joint venture with former parent Citigroup.

Global private equity firms increasingly have Asia in their sights. CVC Capital Partners (CVC) a privately owned investment and advisory company, has closed its $1.975 billion Asia Pacific Fund, CVC’s second Asia fund and a joint venture with former parent Citigroup.

CVC Capital Partners Asia Pacific II LP is the largest ever fund raised for investments within Asia Pacific. CVC’s previous fund was a comparative minnow with $750 million of capital. That did not stop the fund scoring some big prizes, however, including Pacific Brands, Haitai Confectionery and Yellow Pages.

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