Cinven Is Said to Tap Investors for €2 Billion Mid-Market Fund

Private equity firm Cinven is in the market with a new investment vehicle targeting mid-sized transactions, according to people familiar with the matter.

The European buyout firm is looking to raise €1.5 billion ($1.7 billion) to €2 billion for the new fund, which will be a successor to its Strategic Financials Fund, the people said, asking not to be identified discussing confidential information. Cinven raised €1.5 billion for SFF in July 2022.

In addition to financial services, the latest fund will also target investments in tech-enabled services, broadening out the scope of the firm’s mid-market strategy, the people said. ...