CVC Capital Partners opens office in Edinburgh – Daily Business

Ken Young and Edinburgh Park where CVC’s new office will be based (photo montage: DB Media Services)

CVC Capital Partners, the global private markets manager, is establishing a base in Edinburgh, boosting the city’s asset management sector.

The new office in South Gyle will be home to 20 employees as the firm builds its presence in the city and draws on Scotland’s deep pool of financial and professional talent.

The firm sees it as an important step in the group’s global business operations.

Ken Young, chief operating officer, said: “There is a fantastic pool of talent in Edinburgh, thanks to the city’s history as one of the world’s first global financial centres and as a birthplace of the modern asset management industry.

“There has always been a strong Scottish cohort within CVC’s leadership, so we are particularly proud to be putting down roots here.

“Edinburgh combines a remarkable financial heritage with a thriving, modern professional community. We’re starting with a small team, but we see real potential to grow our presence here.”

Over 40 years, CVC has established a network of 31 offices across six continents, building one of the most geographically diverse and long-established footprints of any private markets firm worldwide. Closing is subject to regulatory approvals.

It has approximately €205 billion of assets under management. Funds managed or advised by CVC’s private equity strategy are invested in more than 150 companies worldwide, which have combined annual sales of over €240bn and employ more than 660,000 staff.

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