PRINT THIS PAGE European CVC to launch $1bn Asia buy-out fund03/02/2004. Source: AltAssets. 
 European CVC Capital is to launch a $1bn buy-out fund to make investments in South East Asia. The fund will focus on South Korea, China, Singapore and Japan and represents the largest ever fund dedicated to the region.
CVC's previous Asia fund closed on $750m in 2000 and is now nearly 80 per cent invested, according to the Financial Times. CVC's investments include the yellow pages business of Singapore, Tower Records in Japan and Pacific Brands, an Australia-based supplier of clothing and footwear that the firm recently floated at over A$1.1bn.
CVC won buy-out of the year for the yellow pages deal at the Asia Venture Capital Awards and was also named private equity firm of the year. Many of the investors in the firm's first fund are expected to re-invest when this latest fund is launched.
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