Mourant Advises CVC Capital Partners on Fifth Asia Pacific Fund with Commitments of US$4.5 billion
Mourant has advised one of the world's leading private equity and investment advisory firms, CVC Capital Partners, on its latest Asia focused private equity fund, CVC Capital Partners Asia V. The fund successfully closed at its hard cap of $4.5 billion.23 April 2020
CVC Capital Partners is a longstanding client of the firm and Mourant has advised on each of CVC Capital Partners’ previous Asia focused fundraisings. The fund received demand from a diversified global investor base of new and returning investors and exceeded its US$4 billion target.
Mourant LP Partner, Felicia de Laat, said: “It’s fantastic to see yet another significant fundraising of this size being completed by a Jersey based manager, reinforcing Jersey’s position as a leading jurisdiction for complex and global private fund raisings in the alternative asset classes. We were pleased that CVC Capital Partners again chose us to support them on their latest fundraising.
“CVC Capital Partners Asia V is the 12th multi-billion dollar fundraising that our global funds team has advised on in the last 12 months, which demonstrates our position as a trusted advisor to the most well established fund managers.”
CVC Capital Partners’ Asia strategy is focused on control and partnership investments in high quality businesses in core consumer and services sectors across Asia. To date, CVC Capital Partners has raised US$15 billion of commitments across its Asia funds and those funds have completed over 65 investments in a wide range of industries.
The Mourant team, which was led by LP Partner Felicia de Laat and included Alex Henderson, Matt McManus and Olivia Palloch, worked alongside lead counsel Simpson Thacher & Bartlett LLP to deliver the fundraise.