Cinven Kicks Off Fundraising for $7.1B Fund

European private equity firm Cinven has kicked off fund-raising for its fifth buyout fund, planning to raise 5 billion euro ($7.1 billion) for new deals, Reuters reported. Despite a tough fund-raising market, Cinven is aiming for a first close in autumn, Reuters said. It has deployed 70% of its fourth fund and will continue investing that fund until mid-2012.

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