SVG Capital injects €100m into Cinven

Cinven held a first close at €3bn for its latest fund in March 2012. The fund has a €5bn target.

SVG, a cornerstone investor in Permira's buyout funds, is yet to decide whether or not to provide capital commitments to Permira's latest fund.

SVG's net asset value rose by 16% yesterday.

In 2009, SVG announced that it would continue its relationship with Permira and remain a UK-listed investment trust but freeze further capital commitments. The investment firm said it would not act as a fund-of-funds until it had followed a diversification strategy that would leave it in a position to return capital to shareholders.

Coller Capital became the largest shareholder in SVG in 2009, following a capital injection of £50m. Earlier this week, SVG sold a 50.1% stake in its subsidiary SVG Advisers to Aberdeen Asset Management for £17.5m.

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• Topics
• UK / Ireland
• Fundraising
• LPs
• Cinven
• SVG Capital
• Coller Capital
• Permira