Mourant has advised private equity and investment advisory firm CVC Capital Partners on its latest Asia-focused private equity fund, CVC Capital Partners Asia V. The fund closed at its hard cap of $4.5bn.
Mourant has advised on each of CVC Capital Partners' previous Asia-focused fundraisings. The fund received demand from a diversified global investor base of new and returning investors and exceeded its $4bn target.
Mourant Partner Felicia de Laat (pictured) said: "It's fantastic to see another significant fundraising of this size being completed by a Jersey-based manager, reinforcing Jersey's position as a leading jurisdiction for complex and global private fundraisings in the alternative asset classes.
"CVC Capital Partners Asia V is the 12th multibillion-dollar fundraising that our global funds team has advised on in the past 12 months."
CVC Capital Partners’ Asia strategy focuses on control and partnership investments in businesses in core consumer and services sectors across Asia. To date, it has raised $15bn of commitments across its Asia funds, and those funds have completed more than 65 investments in a wide range of industries.
The Mourant team, which was led by Felicia de Laat, also included Alex Henderson, Matt McManus and Olivia Palloch. They worked alongside lead counsel Simpson Thacher & Bartlett to deliver the fundraise.