CVC Raises €26 Billion for Record Private Equity Fund (1)

CVC Capital Partners has raised €26 billion ($29.2 billion) for the world’s biggest-ever buyout fund, defying a challenging fundraising environment.

The European private equity firm secured commitments from new and returning investors, according to a statement on Thursday that confirmed an earlier Bloomberg News report.

CVC only began raising its ninth buyout fund in January and initially targeted €25 billion. Demand was strong enough to take it past that figure, showing how the more established private equity firms can have an edge at a time when investors are becoming more selective about where to park their money.

Private equity ...