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CVC to wind down infrastructure team

6 Jun 2014

railPrivate equity firm CVC Capital Partners is reportedly set to wind down its infrastructure team, whose CEO Stephen Vineburg has already departed.

The decision follows a strategic review and CVC has decided that core infrastructure investments do not fit with its strategy, a person familiar with the situation told Dow Jones.

CVC is still open to making core-plus type infrastructure investments through its main fund, said the source.

The firm launched a €2bn infrastructure fund, but cancelled the fundraise in July last year amid lack of interest from LPs.

Last month CVC held a final close of $3.5bn for its fourth Asia Pacific fund.

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