Simpson Thacher represented CVC in connection with the formation and raising of CVC’s sixth Asia-focused private equity fund (“Asia VI”), which raised US$6.8 billion. Asia VI saw strong demand from new and returning blue chip investors, exceeding its US$6 billion target and original hard cap. Asia VI is 50% larger than its predecessor fund, Asia V, which was raised in 2020 and closed at US$4.5 billion.
CVC has been active in Asia since 1999 and in this time it has made more than 80 acquisitions in the region. CVC manages US$199 billion (€188 billion) of AUM globally across seven complementary investment strategies comprising CVC Europe/Americas, CVC Asia, CVC Strategic Opportunities, CVC Growth, CVC Secondaries (Glendower), CVC Credit and CVC Infrastructure (DIF Capital Partners).
The Simpson Thacher team was led by Daniel Lloyd and Gareth Earl, and included George Thompson, Fathima Mohamed and Charlotte Mantell (Funds); Tom Bell, Amanda McGovern, Meredith Dodd and Emily Singley (Private Funds - U.S.); Meredith Jones and Eli Shalam (Tax); and Owen Lysak, Jack Harrison and Ben Marshall (Regulatory).