The new investors will gain a share of the profits made by the management company and get preferential access to investment opportunities according to Sky News city editor Mark Kleinman.
A third, unidentified Asian fund also took part in the stake purchase alongside GIC and KIA.
Funds from the backers will be used to finance investments and expand the firm’s infrastructure and credit units, CVC told investors at its annual meeting in London last week.
The move comes as CVC prepares to raise its latest buyout fund.
Although the firm has not revealed the target size of its latest offering, a €10.75bn fund comparable to its predecessor would make it the largest European fund on the market.
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