NEW YORK -- Big investment firms worldwide are churning out buyout funds topping $10 billion each, as pension managers and other institutional investors seek a piece of the action in anticipation of higher returns.
CVC Capital Partners, one of Europe's largest buyout firms, last week closed the fundraising run for a new vehicle after attracting 16 billion euros ($18 billion). The new fund mainly targets European companies, but it also will consider investing in U.S. and Japanese businesses. CVC Capital's recent moves include the acquisition of Swiss luxury watchmaker Breitling, announced in April.
