CVC Capital Partners closed CVC Strategic Opportunities II (“SO II”), at €4.6 billion.
SO II’s global investor base is made up of sovereign wealth, public and private pension funds, financial institutions, foundations, endowments and family offices.
Led by Lorne Somerville and Jan Reinier Voûte, the Strategic Opportunities platform invests in long-term capital appreciation opportunities across Western Europe and North America which fall outside CVC’s traditional private equity strategies.
The platform seeks out stable opportunities with attractive risk-reward profiles which require a longer term outlook to unlock growth.
Since 2016, €3.6 billion has been committed by the platform in seven opportunities, the latest of which, GEMS Education, the world’s largest provider of private K-12 education by revenue, was announced last week.
CVC is a private equity and investment advisory firm with a network of 24 offices and over 500 employees throughout Europe, Asia and the US. To date, the firm has secured commitments of over US$123 billion from some of the world’s leading institutional investors across its private equity and credit strategies.
In total, CVC currently manages more than US$75 billion of assets.