CVC Capital Partners said to raise €10.75bn fund

The vehicle would be CVC's sixth European fund and possibly the largest vehicle currently on the market.

CVC's previous fund, raised between February and December 2008, closed on €11bn, missing its €12.1bn target.

CVC has just sold a $1.6bn stake in Formula 1 Group to BlackRock, Waddell & Reed and Norges Bank Investment Management prior to the company's upcoming IPO. The partial exit reduced CVC's stake in the firm from 63.4% to around 40%.

Other large buyout funds in Europe include Apax Partners' Europe VII, which closed oversubscribed on €11.2bn in March 2008 and BC Partners' European Capital IX, which held a final close on €6.5bn in February 2012.

CVC could not yet be reached for comment.

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• Topics
• Fundraising
• CVC Capital Partners