CVC Adds to Fundraising Spree With $6.8 Billion Asia Fund

CVC Capital Partners, one of Europe’s biggest private equity firms, said it raised $6.8 billion for its largest-ever Asia fund as it defies a difficult fundraising environment.

The Asia VI fund was oversubscribed and topped its $6 billion target, the private equity firm said in a statement Wednesday. It gathered about 50% more capital than its predecessor in 2020.

Roughly 40% of demand for the fund came from Asian investors, while Middle Eastern institutions were in the high single digits, according to people familiar with the matter. The rest came from North American and European investors, the people said, asking ...