Cinven has raised $14.5 billion for its latest private equity fund in one of the larger European fundraisings in recent months, even as financial sponsors grapple with muted appetite for new investment vehicles.
The eighth Cinven fund met the company’s so-called hard cap, or maximum target, and is also about 30% larger than its 2019 predecessor, according to a statement Tuesday.
The new vehicle comes amid a tricky fundraising environment for buyout firms, with investors becoming pickier about where they allocate their cash. While some are flocking to multi-strategy asset managers, others are doubling down on specialized offerings.
“Many people ...
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