Street CRED

CVC Capital Partners might be forgiven for seeing double. According to its first full-year financial results since it listed on Euronext Amsterdam last April, it raised EUR1.5 billion in 2024, more than doubling its private wealth assets under management.

CVC’s chief executive Rob Lucas said the plan was to go plural by getting regional or country-specific distribution partners. The firm launched its first evergreen, CVC-CRED – a private credit fund – last year and signed a distribution deal with UBS. It also launched CVC-PE, a private equity vehicle, in January. A secondaries and an infrastructure product are planned for the next 18 months as the firm doubles down on growing its private wealth business. Posting strong financials does wonders for any fund manager’s street credibility, especially when it comes to making a strong impression in the vast world of private wealth. With an aim to expand its team to 60 people by the end of 2025 it looks like CVC will be channeling its boss man energy to accelerate further growth over the coming years.

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GIF - That’s what you call serious street credibility

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