CVC has raised a record €26bn from investors for a new buyout fund.
The private equity group defied sceptics by successfully pulling off the biggest ever private equity fundraising, for the CVC Capital Partners IX fund.
It eclipses the $26.2bn raised by Blackstone for its Capital Partners VIII in 2019.
The investors in the new fund include pension funds, insurers and sovereign wealth funds, with 20% of the cash raised coming from clients in Europe including the UK.
