CVC has reported a 24% jump in its fee-paying assets to €177bn (£147.7bn) over the past 12 months, driven by organic growth and its acquisition of Marathon Asset Management.
The alternative asset manager reported that credit, secondaries and infrastructure assets expanded 21% on an organic basis to €105bn (£87.6bn). These non-buyout strategies now account for 60% of total fee-paying assets.
The firm also deployed €29bn (£24bn) of capital over the past year – an increase of 26% – while asset realisations climbed 31% to €23bn (£19.2bn). Portfolio realisations generated an average gross multiple on invested capital of 2.9 times alongside a 23% gross IRR across the private equity division.
Fundraising progressed across several strategies, with secondaries fund SOF VI closing at $10bn (£8.3bn) against a $7bn (£5.8bn) target. In private wealth, total client assets grew threefold year on year to €8.2bn (£6.8bn), while the group affirmed guidance for 2026 performance-related earnings to match 2025 levels.
Under leadership changes announced on 9 September, incoming co-chief executives Todd Sisitsky and Peter Rutland will assume joint leadership by the first quarter of 2028. Chief financial officer John Hourican joined the group on 1 September.
Rob Lucas, chief executive of CVC, said: “CVC delivered another strong quarter and is well positioned for continued growth. We are realising investments at record levels, which gives us high confidence in our target of €26bn (£21.7bn) FPAUM or more for Europe/Americas Fund X.”
