Simpson Thacher advised CVC in the establishment of its ninth buyout fund, CVC Capital Partners IX (“Fund IX”). CVC announced that the fund closed at €26 billion, exceeding its €25 billion target—reported by Private Equity International as the largest-ever buyout fund. Its predecessor, CVC Capital Partners VIII, was raised in 2020 and closed at € 22.3 billion. CVC launched Fund IX in January 2023 and has experienced strong demand from a global blue chip investor base of returning and new institutional investors.
CVC manages more than €140 billion of AUM globally across six complementary investment strategies comprising CVC Europe/Americas, CVC Asia, CVC Strategic Opportunities, CVC Growth, CVC Credit and CVC Secondaries (Glendower).
The Simpson Thacher team was led by Gareth Earl and Daniel Lloyd, and included Vasanth Padaki, Mia Hatfield, Samantha Spearman, Georgia Harrison, George Thompson, Alex Hoffman, Tony Liu, Michael Strachan, Barnaby Geddes-O’Dolan, Meiyi Lu, Max Gordon, Vivek Shah, Tom Guilliatt-Griggs, James Connolly and Fathima Mohamed (Funds); Tom Bell, Amanda McGovern, Sydney Wright-Schaner, Emily Singley and Alexandra Cullen (Private Funds - U.S.); Meredith Jones and Eli Shalam (Tax); and Owen Lysak, Jack Harrison and Ben Marshall (Regulatory).