Pascal Heberling, a partner at Cinven, has left the UK private equity firm shortly ahead of the completion of its latest fundraising effort, according to three people close to the situation.

Heberling, who is 40 and has been at the firm for 12 years, took the decision to leave because he did not want to commit to remaining with Cinven for the duration of another fund, which could take more than five years to invest, the people said.