CVC Capital Partners, a global private equity and investment advisory firm, held the final closing of its latest fund, securing total commitments of $1 billion.
The amount included closing of CVC Growth Partners and a sidecar co-investment vehicle.
The fund is dedicated to investing in high-growth, middle-market companies in the software and technology-enabled business services sectors. Led by John Clark, Managing Partner, CVC Growth Partners invests primarily in North America and Europe, focusing on a variety of sectors including software, SaaS, managed services, cloud computing, mobility, payments, security, financial technology, healthcare information technology and other tech-enabled business services. Target equity investment size is $50m to $200m.
It has already made two investments:
– Wireless Logic, an M2M connectivity and managed services provider that works with over 950 application providers, system integrators and enterprises, in February 2015; and
– Kount, a Boise, Idaho-based e-commerce and mobile fraud detection service provider used by thousands of online merchants, in December 2015.