CBPE announces the closure of Fund VIII after its final two realisations over the course of 2022, including the 6.5x return generated from the sale of Optima Health.
The 2010 vintage fund is now fully realised after just over 12 years. The Fund invested £391 million (97% of committed capital) across 13 assets, and returned £1.025 billion, equivalent to over 2.6x gross MoC and 27% gross IRR.
On a net basis, the fund generated returns for its investors of 2.1x TVPI and 19% net IRR.
Fund VIII represented CBPE’s first fund as an independent business following the management buy-out and creation of CBPE Capital in late 2008.