Cinven Hauls in $14.5B for 8th Fund

Cinven, a global private equity firm, held the final close of its flagship fund, the Eighth Cinven Fund, having raised $14.5 billion and reaching the hard cap. The fund is nearly 30% larger than its 2019 vintage predecessor fund.

Cinven benefitted from a strong re-up rate from its limited partners and welcomed several new investors to its investor base.

The fund focuses on healthcare, business services, industrials, financial services and consumer sectors, primarily in Western Europe.

“Our strategy for Fund 8 builds on the approach we have successfully deployed for previous Cinven Funds, investing in control positions in growth-oriented, market leading, cash generative companies with resilient characteristics where we can accelerate growth through our active management, and deliver break-out returns,” said Stuart McAlpine, Cinven managing partner.

The Cinven Funds have completed investments in more than 150 portfolio companies across Europe and North America, realized or listed more than 115 investments and returned proceeds of approximately $51 billion to the Cinven Funds.

Originally founded as the private investment arm of the British Coal pension scheme in 1977, Cinven became independent in 1995. The firm raised its first fund in 1996 and has raised funds of more than $54 billion in aggregate to date.