CVC Seeks to Join Apollo, KKR in Underwriting Buyout Debt (1)

Private equity firm CVC Capital Partners is ramping up its capital markets business to start underwriting debt used to fund buyouts.

CVC, a global alternative investment specialist with €133 billion ($143 billion) of assets under management, is awaiting regulatory approval to pursue the strategy in both the US and Europe, according to people familiar with the matter who spoke on condition on anonymity. CVC is likely to start off by underwriting its own deals, the people said.

A representative for CVC declined to comment.

The move would align it with a growing roster of firms that already finance their own ...