CVC Credit Partners held a €650 million final close on its Global Special Situations Fund. Launched in September 2014 with a €600 million, the fund will focus on stressed and distressed corporate credit. Despite the global remit, investments will be made predominantly within Europe.
With the close of this fund, CVC Credit Partners now manages €2.5 billion within its credit opportunities and special situations portfolio.
Investors which committed to the fund include new and existing LPs based in North America, Europe, Asia, Latin America and the Middle East.