CVC raises $3.5bn for fourth Asian PE fund

CVC Capital Partners has closed its fourth Asia private equity fund at $3.5 billion, which will invest in consumer-oriented deals in Greater China, Southeast Asia, Japan and Korea. CVC Capital Partners Asia Pacific IV raised the figure in just under a year and is understood to have been oversubscribed, with pensions and sovereign wealth funds among the biggest investors.   The New York State Teachers’ Retirement System and Pennsylvania Public School Employees’ Retirement System …