Cinven levanta 2.300 millones con su nuevo fondo de mid market

Cinven, the British risk capital manager, has successfully raised 2.3 billion euros for its new mid-market fund, Strategic Fund 2 (SF2). This ambitious target exceeds Cinven's initial goal of raising 1.5 billion euros, as reported in May of last year. Unlike other managers, Cinven has steered clear of specialized funds for credit, real estate, infrastructure, growth equity, or venture capital, opting instead to focus on buyout investments in five main sectors: corporate services, consumer goods, financial services, healthcare, industry, and telecommunications.

This significant move into the mid-market segment enables Cinven to evaluate smaller operations that may be too small for its main fund, the Eighth Cinven Fund, which raised $14.5 billion in January 2024. Some argue that the mid-market is less cyclical than the large-cap-focused segment. Cinven's first step towards multi-strategy investing occurred in 2022 with the closure of a $1.5 billion fund specializing in European financial companies, the Strategic Financials Fund (SFF).

The SF2 will succeed this fund. The new Cinven fund operates across four markets: DACH (Germany, Austria, and Switzerland), Iberia (Spain and Portugal), the United Kingdom, and Ireland, focusing on financial services, corporate services, telecommunications, and media (TMT) sectors. Through the SF2, Cinven has already completed four investments: Objectway, a digital solutions provider for asset managers, banks, and asset owners; Flint Global, which advises companies and investors on regulatory, political, and economic matters; Ongoing Warehouse, a cloud-based provider of warehouse management systems; and Optio Group, a general insurance platform.

Cinven expressed gratitude for the strong support from both veteran and new global investors, attributing it to their unique European approach, exclusive focus on private equity acquisitions, decades-long successful investment track record during various economic cycles, and total alignment with their investors.