Cinven is seeking more time to close its next major buyout fund, people with knowledge of the matter said, amid a difficult fundraising environment for private equity firms.
The European private equity pioneer has extended the deadline for its eighth flagship fund from July 2023 to January 2024, the people said, asking not to be identified discussing confidential information.
The firm is telling investors it has met its €12 billion ($13 billion) target but wants to give more time for some parties to close their commitments, according to the people.
Cinven informed investors about the extension in recent weeks, the ...
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