CVC Capital Partners has raised US$1.975 billion from international institutional investors to fund investments in companies based in Hong Kong, Taiwan and other areas in Asia.

This is the second Asian fund to be raised by CVC and is a joint venture with Citigroup.

CVC Capital Partners Asia Pacific II L.P. follows the success of CVC's first fundraising in the region, the CVC Capital Partners Asia Pacific L.P. (Fund I), which raised US$750m in 2000. Fund I, which targeted business opportunities in a variety of industries and geographical locations, has invested US$526 million in 17 companies, including Asia Printers Group (China).