The 52-story, 550,000-sf building was among five locations CVC was seriously considering according to Studley's David Dusek, senior managing director of international commercial real estate services firm, who represented the firm. The 43rd floor status and panoramic view in all directions, including a view into Central Park, sold CVC on the space.

Dusek declined to say what CVC will pay for the space, but tells GlobeSt.com that the average market rent is more than $120 per sf. Christian Dior, Canali, USA, Sonnenblick-Goldman, Elliott Associates and NCH Capital are among the other tenants in the building.

CVC originally had a small investor relations group here but due to the increasingly global market place and heavy competition from Blackstone, KKR and TPG, the firm has decided to open a US office.

"The trend for British and European private equity firms to secure footholds in New York is definitely on the rise," he says. "I think [the move] has to do with CVC being a global organization, of which the companies they are looking [to purchase] have operation in the US, including a number of their investors are based here.

Dusek tells GlobeSt.com that CVC will move in late August after the space is built out to its needs. CVC's 12 to 15 employees are currently housed in temporary space within the building. He says the firm has plans to grow its local presence significantly in the years ahead and has just hired two new employees to boost the office.

Paramount's Arthur Bocchi represent the landlord. Jennifer Morgan at Kirkland & Ellis represented CVC, and Bernie Marasco Paramount's in-house counsel, represented the landlord.

CVC currently has $18 billion under management and has acquired more than 220 companies in Europe since it began in 1981.