CVC turns to Kirkland for $6bn fundraising

Chicago-headquartered Kirkland & Ellis has cemented its relationship with blue-chip private equity client CVC Capital Partners, advising on the record $6bn (£3.01bn) fundraising for its latest Asia fund.

New York-based corporate partner Geoff Levin led the team at Kirkland on the fundraising, which is expected to break the regional record of $4.2bn (£2.11bn) set by rival private equity house Texas Pacific.

If successful, CVC will become the first Asia fund to raise more than $5bn (£2.51bn).

Levin has advised CVC on similarly sized fundraisings across the world: its €6bn (£4.17bn) European fund in 2005 and the private equity house’s second Asia fund, which closed at $2bn (£1bn) in the same year.