Cinven
Private equityLondon Β· Series BβLate Stage
Also known as Cin Venture Managers Limited Β· CINVEN CAPITAL MANAGEMENT (SFF) GENERAL PARTNER LIMITED Β· Cinven Fifth Β· Cinven Fourth Β· Cinven Limited Β· Cinven Second Β· Closelocal Limited Β· Eighth Cinven Β· Fifth Cinven Β· The Fourth Cinven Β· THE THIRD CINVEN Β· Ubs Fund Advisor, L.L.C.
Investment thesis
Cinven invests behind long-term structural trends that are resilient to market fluctuations. Each investment combines sector and country specialists who pool their expertise to identify untapped potential in high-performing businesses. The firm emphasizes a partnership approach, collaborating closely with portfolio company management teams throughout the ownership period to achieve strategic goals and generate outsized returns.
Source: firm website, verified Aug 11, 2026.
What they invest in
from 3 of 48 portfolio companiesEnterprise Software Γ2SaaS Γ2Digital Health Γ1Fintech Γ1Future of Work Γ1Healthtech Γ1HR Tech Γ1Medical Devices Γ1
HQs:South AfricaΓ1
Investments Β· 48 tracked
founders shown can be your intro pathSpire Healthcare Group is a private hospital operator running 39 hospitals and 33 clinics, medical centres and consulting rooms across England, Wales and Scotland, offering integrated surgical, medical and diagnostic services.
Digital HealthHealthtechMedical DevicesSouth Africa, ZA
Alter Domus provides asset servicing and technology for alternative investment managers, covering back, middle, and front-office operations.
Enterprise SoftwareFintechSaaS
Pinpoint is an applicant tracking system for in-house talent acquisition teams, covering planning, sourcing, candidate selection, and onboarding from a single platform.
Enterprise SoftwareFuture of WorkHR TechSaaS
Urban mobility (elevator technology) business carved out of thyssenkrupp AG in 2020.
Principals & officers Β· per Companies House
what is this? βSecretary Β· since 2015
Director Β· Spanish Β· since 2020
Director Β· British Β· since 2024
Director Β· British Β· since 2020
Director Β· Swedish Β· since 2024
Director Β· French Β· since 2024
Director Β· German Β· since 2020
Cinven Group Limited β 75β100% of shares
Fund performance Β· per public LP disclosures Β· 21
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Cinven PegasusLPs: Orange County Employees Retirement System | 2024 | β | β | 1.30x | β |
| Cinven 8 Project ArrowLPs: Orange County Employees Retirement System | 2023 | β | 13.7% | 1.30x | β |
| Eighth Cinven FundLPs: Oregon Public Employees Retirement System | 2023 | β | β | 1.06x | 0.00x |
| Cinven 8LPs: California State Teachers' Retirement System, Northern LGPS, South Carolina Retirement System Investment Commission | 2022 | β | β | 1.01x | β |
| The Eighth Cinven FundLPs: Washington State Investment Board, Empire State Development β New York Ventures, Los Angeles City Employees' Retirement System +2 more | 2022 | β | 12.0% | 1.10x | 0.02x |
| Cinven Seventh FundLPs: Washington State Investment Board, Fresno County Employees' Retirement Association, Santa Barbara County Employees' Retirement System | 2020 | β | 10.9% | 1.40x | 0.27x |
| Cinven 7LPs: Northern LGPS | 2019 | β | β | 1.36x | 0.17x |
| Seventh Cinven FundLPs: Empire State Development β New York Ventures, Oregon Public Employees Retirement System, Orange County Employees Retirement System +1 more | 2019 | β | 10.9% | 1.38x | 0.24x |
| Seventh Cinven FundrLPs: Orange County Employees Retirement System | 2019 | β | 10.9% | 1.40x | 0.24x |
| The Seventh Cinven FundLPs: Empire State Development β New York Ventures | 2019 | β | β | 1.27x | 0.13x |
| Cinven Sixth FundLPs: Washington State Investment Board | 2017 | β | 17.2% | 2.00x | 1.51x |
| Sixth Cinven FundLPs: Empire State Development β New York Ventures, Oregon Public Employees Retirement System | 2016 | β | 17.2% | 2.00x | 1.49x |
| The Sixth Cinven Fund LPLPs: Empire State Development β New York Ventures, John D. and Catherine T. MacArthur Foundation | 2016 | β | β | 1.97x | 1.24x |
| Cinven Fifth Fund, L.P.LPs: Washington State Investment Board, Hawaii Employees' Retirement System | 2012 | β | 16.9% | 1.60x | 1.45x |
| Cinven Fourth FundLPs: Washington State Investment Board, Teachers' Retirement System of the City of New York, Hawaii Employees' Retirement System | 2007 | β | 7.5% | 1.50x | 1.46x |
| Fourth Cinven FundLPs: New York City Police Pension Fund | 2006 | β | 7.4% | 1.44x | 1.44x |
| The Fourth Cinven FundLPs: Pennsylvania Public School Employees' Retirement System, New York City Employees' Retirement System, New York City Police Pension Fund +2 more | 2006 | β | 7.5% | 1.46x | 1.46x |
| Cinven Third FundLPs: Washington State Investment Board, Robert Wood Johnson Foundation | 2002 | β | 31.9% | 2.10x | 2.07x |
| Third Cinven Fund U.S. (No. 3), LPLPs: Empire State Development β New York Ventures | 2001 | β | β | 2.03x | 2.02x |
| Cinven Second FundLPs: Washington State Investment Board, Hawaii Employees' Retirement System | 1998 | β | 9.4% | 1.60x | 1.62x |
| Cinven FundLPs: Washington State Investment Board | 1996 | β | 17.2% | 1.70x | 1.68x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Cinven invest at?
- Cinven invests at the Series B, Series C, Growth, Late Stage stages.
- What sectors does Cinven focus on?
- Cinven focuses on Advanced Manufacturing, Consumer, Enterprise Software, Fintech, Healthtech.
- Where is Cinven located?
- Cinven is headquartered in London, GB.
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