TMF Group supports successful close of €26bn CVC Capital Partners IX Fund
TMF Group, a leading provider of business administration services around the world, supported CVC Capital Partners in its recent close of Fund IX, a €26bn Jersey and Luxembourg-regulated fund. TMF Group was appointed in a competitive process to provide administrative services for the fund including the due diligence and onboarding of investors.
CVC’s Europe/Americas strategy is focused on control and partnership investments in high-quality businesses in core consumer and services sectors. CVC manages more than €140 billion of AUM globally across its six complementary investment strategies comprising CVC Europe/Americas, CVC Asia, CVC Strategic Opportunities, CVC Growth, CVC Credit and CVC Secondaries (Glendower). Fund IX is the largest of its kind and raised in a difficult market context, but still managed to beat CVC’s target of €25bn.
TMF Group helps clients invest and operate safely around the world, with experts in 86 jurisdictions. The firm’s fund services are focused on five asset classes – real estate, private equity, private debt, infrastructure and venture capital. It provides fund onboarding and administration, SPV management and ESG reporting. Its corporate client base and services mean it also helps funds with portfolio company carve-out, transitional services and ongoing operational support.
Providing CVC with a joined-up team working across multiple regulated jurisdictions in a challenging context plays to our strengths. We have people in all the key investment hubs funds require. We work as a single team to provide clients with a trusted partner wherever their investments take them around the world.”
CVC Capital Partners are a world-renowned private equity and investment advisory firm. We are very pleased to have been able to support them with the closing of their latest Europe/Americas fund,” said James Coughlan, co-Market Head of British Isles & Ireland. “Jersey and Luxembourg are jurisdictions that set an appropriately high bar on the quality of investors they accept, and we were able to make sure those regulatory requirements were fully met in a rigorous onboarding process.
Media Contacts
Marina Llibre Martin, Global PR Manager
marina.llibremartin@tmf-group.com
