European private equity firm CVC Capital Partners has raised $3bn towards its fourth dedicated Asian buyout fund, according to Dow Jones.
The fund has a final target of $3.5bn and is anticipated to complete the fundraise within the first half of the year, the report said.
The vehicle held a $2bn closing in December last year. CVC Capital Partners Asia Pacific IV follows the firm’s third Asian vehicle, which raised $4.1bn in 2008.
In June 2013 CVC closed its latest flagship private equity vehicle on its €10.5bn hard cap after only six months on the road.
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