Investors have pledged an additional €300m for Cinven’s latest European buyout fund, bringing the total to €5.3bn. The target-busting fundraising came amid this week’s successful listing of portfolio firm Partnership Assurance which brought an eight times return for Cinven investors.

The European buyout firm had extended the deadline for closing the fund to allow additional commitments from investors unable to commit by March, when the firm made a close on target at €5bn.