CVC Capital Companions has crushed its revenue forecast and reported that its belongings underneath administration (AUM) have reached €200bn (£167.6bn).
The non-public markets supervisor reported a 36 per cent rise in adjusted after-tax revenue to €830m for the monetary 12 months ended 31 December 2024, beating the €748m that was anticipated by analysts.
Charge-paying AUM was up by 50 per cent year-on-year, to achieve €147.3bn by 31 December 2024. This was pushed by the activation of Europe/Americas Fund IX and Asia VI, continued development throughout the agency’s credit score and secondaries companies, and the inclusion of infrastructure, the corporate mentioned.
CVC additionally reported core earnings of €966m, representing a 31 per cent enhance on 2023.
Learn extra: CVC Credit score costs first CLO deal of 2025
The agency noticed report ranges of deployment throughout its credit score and secondaries enterprise final 12 months, leading to €25.6bn being deployed throughout 2024 – a 71 per cent year-on-year enhance. This was additionally pushed by a major enhance in non-public fairness investing.
Realisations greater than doubled year-on-year to €13.1bn, and CVC has predicted that based mostly on present market situations it expects realisations in 2025 at, or barely above, 2024 ranges.
“2024 was a landmark 12 months for CVC, during which we efficiently accomplished our IPO, delivered continued development and made vital strategic progress,” mentioned Rob Lucas, chief govt of CVC Capital Companions.
Learn extra: CVC Credit score costs $507m CLO
“Our sturdy efficiency has been pushed by the distinctive CVC Community, our deep and longstanding consumer relationships, and the standard of the group now we have constructed.
“While the financial and geopolitical atmosphere stays unsure, our expertise reveals that these situations can present a few of our most tasty funding alternatives.”
Lucas added that following current fundraising exercise, the agency has greater than €40bn of capital obtainable to speculate throughout its seven methods.
The corporate added that it’s accelerating development in its non-public wealth and insurance coverage segments, with the launch of its first two evergreen merchandise: CVC-CRED and CVC-PE. CVC raised roughly €1.5bn from the wealth channel in 2024 – greater than double what was raised in 2023.
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