CVC Capital Partners has announced the successful final close of its third generation fund, CVC Strategic Opportunities III, securing total commitments of €4.61 billion. This fundraising effort matches the size of its predecessor, CVC Strategic Opportunities II, and marks a significant increase in investor participation, further cementing the platform’s track record of success.
The Strategic Opportunities platform, which focuses on high-quality, stable businesses, takes a longer-term investment approach than traditional private equity mandates. With a primary focus on Europe and North America, the fund typically invests for extended periods, aiming to create lasting value through strategic initiatives and partnerships. This approach is designed to support businesses in reaching their next stage of growth, often collaborating with founding families or foundations that seek both long-term capital and operational expertise.
Lorne Somerville, Managing Partner and Co-Head of CVC Strategic Opportunities, expressed gratitude to investors for their support, emphasizing that the fundraise reflects strong demand for a successful, long-term private equity strategy. “As we begin investing from our third vintage, we are confident that we can continue delivering consistent and attractive returns for our investors, building on a strong, stable, and high-performing portfolio,” he stated.
Jan Reinier Voûte, Managing Partner and Co-Head of CVC Strategic Opportunities, highlighted the platform’s established track record and the potential of the current investment pipeline. “With our long-term approach to value creation, we are excited by the opportunities to partner with high-quality businesses and drive sustainable growth through our team’s extensive operational resources,” Voûte added.
Since its inception, the platform has committed over €7.5 billion to 18 businesses across various sectors and regions, including notable investments in Asplundh, a leader in vegetation management services across North America, Australia, and New Zealand; Sebia, a world-leading provider of diagnostic testing equipment; and Hempel, a major supplier of coating solutions. CVC Strategic Opportunities continues to focus on creating strategic, long-term value in its portfolio companies.
Related topics:
Goldman Sachs Asset Management Launches $500M Biodiversity Bond Fund to Expand Sustainable Investing
HESTA Faces Senate Scrutiny Over $4 Million in Membership and Marketing Expenditures
Norway Considers Tapping €1.7 Trillion Sovereign Fund to Boost Ukraine Support Amid Growing Crisis
