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CVC maintains fundraising ambitions

European buyout firm looks to stand out from peers Apax and Permira by setting its fund target as high as ever

CVC Capital Partners, the European buyout firm that has been one of the most active throughout the financial crisis, has not reined in its fundraising ambitions despite the current despondent mood in the sector.

The firm is aiming to raise a new fund at about the same size as its previous vehicle, according to a person familiar with the situation. CVC raised €10.75bn in 2008 in what was a much healthier pre-crisis fundraising market. An attempt to match that size will make it the largest fundraising attempt in Europe since the financial crisis.

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