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CVC beats target with special situations fund

European banking sector change and Brexit fallout create investment opportunities, says exec at buyout firm's credit arm

CVC offices in London
CVC offices in London

CVC Credit Partners, the sub-investment-grade credit arm of the UK-based buyout firm CVC Capital Partners, is eyeing investment opportunities thrown up by structural changes in banking and the Brexit vote.

The firm has beaten its fundraising target on its latest vehicle, a special situations fund that marked the second bumper fundraising close in as many days after Apax Partners held a first close on a $7.9 billion vehicle.

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