CVC Capital Partners has closed Catalyst III at approximately €3 billion (around $3.4 billion), significantly exceeding its €1.75 billion (roughly $2 billion) target.
The fund will invest in sector-agnostic, growth-oriented European mid-market businesses, typically making equity investments below €250 million (around $286 million). The successful fundraising reflects strong investor demand for CVC’s mid-market strategy and broader private equity platform. Catalyst III focuses on mid-market companies predominantly based in Europe, leveraging CVC’s pan-European network of 16 country offices and five sector teams. The strategy combines a dedicated mid-market investment approach with the resources of CVC’s Europe/Americas Investment Committee and value creation capabilities.
The fund has already completed two investments through the acquisitions of WithSecure in late 2025 and WillowWood in June 2026 and is pursuing an active pipeline of additional opportunities.