CVC to scrap infrastructure fund

CVC has struggled to find investors for the fund, which launched in 2008 and already included three investors, reports say.

Investors' commitments will be allowed to lapse and the fund wound up.

CVC is said to have changed its approach to infrastructure investment; the GP is to begin deal-by-deal investment, moving away from the fund model of pooled capital.

CVC's latest buyout fund, European Equity Partners V, reached its final close in December 2008 raising €11bn. The vehicle failed to reach its inital target of €12.1bn, according to unquote" data.

CVC was unavailable for comment.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Infrastructure
• UK / Ireland
• CVC Capital Partners Ltd