Cinven, a European private equity firm, announced Friday that it closed fundraising on its fourth fund at an estimated EUR 6.5 billion.
The fund, which is focused on large European buyouts, is the largest ever of its kind, Cinven says.
The fund has been raising funds for the past six months and received commitments from more than 100 institutions worldwide.
Cinven says it also saw repeat investors in the fundraising efforts for this fund.
Over 90% of investors in Cinven’s last fund, which raised EUR 4.4 billion in 2002, re-invested in the latest fund.