CVC Capital Partners

What CVC Capital Partners does

CVC Capital Partners is a global private markets manager founded in 1981, headquartered in Luxembourg with primary operating headquarters in London, and listed on Euronext Amsterdam (ticker: CVC) since April 2024. As of 31 March 2026 the firm reported €209 billion of assets under management, 1,500+ employees (including 114 Managing Partners and Partners with 16+ year average tenure) and 29 local offices across Europe, the Americas, Asia Pacific, the Middle East, Africa and Australia. It serves more than 1,000 blue-chip institutional limited partners (public pension plans 35%, sovereign wealth funds 25%, insurance companies 8%, private pensions 8%, asset managers 7%, fund of funds 5%, banks 4%, family offices 4%, foundations 3%, corporates 1%) and, more recently, eligible individual investors through evergreen private wealth vehicles.

CVC's product platform comprises seven complementary strategies: CVC Europe/Americas Private Equity (€85bn AUM), CVC Asia Private Equity (€11bn AUM), CVC Strategic Opportunities (€15bn AUM, 6–10 year holds), CVC Catalyst (European mid-market private equity, equity tickets €75m–€250m), CVC Secondary Partners (secondaries; $15bn aggregate capital commitments), CVC Credit (€52bn AUM across Liquid Credit and Private Credit) and CVC DIF (€23bn AUM mid-market infrastructure). Underlying technology includes a proprietary credit database tracking 4,000+ credits to support underwriting in CVC Credit, a CVC Sustainability Index and digital Sustainability Hubs for portfolio benchmarking, and a new April 2026 agentic-AI partnership with Google Cloud. CVC also runs a Building Better Businesses value-creation framework, an Operations team supporting portfolio companies, and the CVC Foundation (established 2011) focused on community and education programmes.

CVC's business model is a classic alternative asset manager revenue stack: recurring management fees on committed or invested capital (drawdown funds) or net asset value (evergreen/private wealth vehicles) and performance-related earnings / carried interest on fund returns above hurdle rates. Analyst consensus for FY2026E points to approximately €1,536m in management fees (~86% of revenue), approximately €254m in performance-related earnings and approximately €2m in other operating income, implying total revenue around €1,785m. Distribution is direct-to-institution via 29 offices plus a separate direct/self-serve channel for evergreen private wealth products gated by Professional Investor status. CVC manages its capital through wholly-owned advisory and AIFM subsidiaries, with portfolio company investments typically held through majority or significant minority stakes in companies such as Recordati, Syntegon (63%), Lipton Teas & Infusions, Aavas Financiers, CompuGroup Medical, and Cooper Consumer Health.

Name

CVC Capital Partners

Legal name

CVC Capital Partners plc

Website

https://cvc.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CVC Capital Partners is a global private markets manager with €209bn AUM across private equity, credit, secondaries, and infrastructure, serving 1,000+ institutional LPs through 29 offices since 1981, listed on Euronext Amsterdam since April 2024.

Ownership category

akta.pro rank

Product category

Private Markets Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

Corporate Venture Capital (CVC) (FSANAAAF)

Keywords

• Private equity management
• Private credit investing
• Infrastructure investment
• Secondary markets
• Asset management services

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices21 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others, Infrastructure

Revenue model

1. Management Fees: Recurring fees charged on assets under management across CVC's seven strategies. Analyst consensus for 2026E Management fees is approximately €1,536 million (median), representing 86% of total revenue. Management fees are billed on committed or invested capital (drawdown funds) or net asset value (evergreen/private wealth vehicles).
2. Performance Related Earnings (Carry / Performance Fees): Performance-based earnings tied to fund returns above hurdle rates. Analyst consensus for 2026E PRE is approximately €254 million (median). Variability driven by realisation activity and investment performance.
3. Other Operating Income: Ancillary revenue from CVC Capital Markets, monitoring fees, transaction and other fund-level fees. Analyst consensus 2026E: ~€2 million (median).

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

CVC is a global private markets manager that raises and invests private equity, credit, infrastructure and secondaries funds on behalf of more than 1,000 institutional clients (pension plans, sovereign wealth funds, insurers) and eligible individual investors. The firm invests through seven complementary strategies — Europe/Americas PE, Asia PE, Strategic Opportunities, Catalyst, Secondaries, Credit, and Infrastructure — managing €209 billion in assets under management as of 31 March 2026. Revenue is generated through recurring management fees on committed or invested capital (or NAV for evergreen vehicles), supplemented by performance-related earnings (carry) and ancillary capital markets and monitoring fees.

Differentiator

Problem solved

Functional benefit

Brands

• CVC Secondary Partners: Secondary private markets investment manager focused on LP fund portfolios and GP-led transactions globally; team has screened c.US$1 trillion of secondary transactions and acquired over 1,800 fund interests across 200+ transactions; raised $15 billion in aggregate capital commitments.
• CVC Credit
• CVC DIF
• CVC Catalyst
• CVC Asia
• CVC Strategic Opportunities
• CVC-PE
• CVC-CRED
• CVC-PESEC
• CVC DIF (DIF Infrastructure funds)
• CVC DIF (DIF Value Add funds)

Products and services

• CVC Europe/Americas Private Equity Flagship pan-regional private equity strategy focused on control or co-control investments in market-leading businesses across Europe and the Americas (€85bn AUM, €111bn committed).
• CVC Asia Private Equity Regional private equity strategy (active since 1999) focused on control, co-control and structured minority investments in core consumer and services sectors across Asia (€11bn AUM).
• CVC Strategic Opportunities Longer-hold (6–10 year) private equity platform partnering with founding families or foundations in lower-risk, cash-generative businesses primarily in Europe and North America (€15bn AUM).
• CVC Catalyst Mid-market private equity strategy focused on high-quality, fast-growing European businesses with equity investments between €75m and €250m.
• CVC Secondary Partners Secondary private markets investment manager (formerly Glendower Capital) providing tailored liquidity solutions via LP fund portfolios and GP-led transactions, with $15bn in aggregate capital commitments.
• CVC Credit Dedicated credit arm of CVC investing in sub-investment grade corporate credit across Europe and North America (€52bn AUM) across Liquid Credit and Private Credit strategies.
• CVC DIF (Infrastructure) Infrastructure investment platform (formerly DIF Capital Partners) investing in core, core+ and value-add infrastructure assets primarily across Europe, North America and Australia (€23bn AUM).
• CVC-PE (Private Wealth) Open-ended evergreen private equity investment vehicle investing directly into companies alongside CVC's institutional PE funds, available to eligible individual investors.
• CVC-CRED (Private Wealth) Open-ended evergreen private credit investment vehicle managed by CVC Credit, available to income-focused eligible individual investors.
• CVC-PESEC (Private Wealth) Open-ended private equity secondaries investment vehicle investing in PE secondaries globally, available to eligible individual investors.
• CVC Capital Markets CSSF-licensed Luxembourg capital markets entity supporting CVC's investment activity and providing ancillary capital markets, monitoring and transaction services.

Quantifiable outcome

• €209 billion of assets under management as of 31 March 2026
• +6 more outcomes

Named customers8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature3 records

Partnerships

15 partnerships are on record, tiered major and flagship.

• Chiongbian Family (Fast Logistics Group)majorStrategic or Co-development Partner · 22 June 2026CVC agreed to sell CVC Asia IV's entire stake in Fast Logistics Group (Philippines' leading third-party logistics provider, founded 1972, ~160 warehouses, 2,500+ vehicles) back to WLC Holdings Inc., a vehicle of the founding Chiongbian Family. CVC first invested in 2020.
• Thoma BravoflagshipStrategic or Co-development Partner · 1 June 2026WWEX Group and Auctane completed merger to form ShipStation Global, backed by Thoma Bravo with CVC Funds retaining a significant minority stake through its existing investment in WWEX Group; serves 3M+ customers and 3B+ shipments annually.
• Groupe Bruxelles Lambert (GBL)flagshipStrategic or Co-development Partner · 22 May 2026CVC and GBL launched a €10.7 billion all-cash tender offer to take Italian pharmaceutical company Recordati private, delisting from Euronext Milan at €51.29 per share; CVC already holds 46.8% stake (via Rossini).
• Lipton Teas & Infusions (turnaround partnership)flagshipStrategic or Co-development Partner · 29 April 2026CVC-led shareholders (CVC controls Lipton Teas & Infusions) injected €210 million extra cash and appointed former Mars CEO Grant Reid as Chair to support business turnaround alongside CEO Marc Busain.
• Google CloudflagshipTechnology or Integration · 23 April 2026Google Cloud and CVC launched a partnership to accelerate agentic AI transformations across CVC's portfolio companies and platform.
• Silver LakeflagshipStrategic or Co-development Partner · 24 March 2026CVC and Silver Lake co-own RAC Group, which is exploring a potential London IPO at approximately £5 billion valuation.
• AIGflagshipStrategic or Co-development Partner · 19 January 2026AIG and CVC announced a strategic partnership; further transaction details referenced via CVC News page.
• Smiths Group plcflagshipStrategic or Co-development Partner · 10 December 2025CVC Fund IX agreed to acquire Smiths Detection Group Ltd from Smiths Group for £2 billion enterprise value; deal expected to close in late 2026, strengthening threat detection market positions across aviation, defense and critical infrastructure.
• Partners GroupflagshipStrategic or Co-development Partner · 3 October 2025Partners Group and CVC agreed a partnership to drive the next phase of growth at International Schools Partnership, a leading global K-12 school platform.
• PAG (Pacific Alliance Group)majorStrategic or Co-development Partner · 1 August 2025CVC joined PAG to partner with Australian Venue Co in a new era of growth - jointly backing the Australian hospitality platform.
• DIF Capital PartnersflagshipStrategic or Co-development Partner · 3 July 2024CVC completed acquisition of a 60% majority stake in DIF Capital Partners, renamed CVC DIF. The deal includes future additional acquisitions with the final stake to be acquired by late 2028. DIF was founded in 2005 and focuses on mid-market infrastructure investments primarily in Europe, North America and Australia.
• Room to Read and Pratham (CVC Foundation signature partners)flagshipGTM or Marketing Partner · 1 January 2024CVC Foundation launched "Education for All" signature programme in 2024 with inaugural grants to Room to Read (Indonesia) and Pratham (India), addressing literacy and numeracy in underserved communities where CVC operates.
• UN PRI (Principles for Responsible Investment)flagshipOthers · 1 January 2022CVC became a signatory to UN PRI in 2012, sat on the PRI Private Equity Advisory Committee 2020-2022, and achieved a 5-star UN PRI rating for PE (Direct) in 2025.
• Sponsors for Educational Opportunity (SEO)flagshipOthers · 1 January 2020CVC joined SEO in 2018 and the ILPA 'Diversity in Action' initiative in 2020 to support diverse recruitment; welcomes first interns through 10,000 Black Interns initiative in 2021.
• BSR (Business for Social Responsibility)flagshipOthers · 1 January 2019CVC joined global sustainable business network BSR in 2019 as a sustainability partner.

Scale indicators9 records

Recent moves21 records

Expansion highlights7 records

Direct peers

• KKR & Co. Inc. Global alternative asset manager with private equity, credit, infrastructure, and secondaries strategies. Ranked #1 by estimated enterprise value in Europe ahead of CVC, with overlapping LP base and direct deal competition on large take-privates (e.g., ContiTech, Hargreaves Lansdown consortium).
• Apollo Global Management: Global PE and credit manager. Currently a CVC co-investor and minority partner in Syntegon (Apollo 37%, CVC 63%), directly competing on large European take-privates and credit secondaries, and overlapping with CVC Credit on sub-investment-grade corporate credit underwriting.
• EQT AB: Swedish-headquartered global PE/credit/infrastructure manager ranked #2 in Europe by estimated enterprise value. Directly competes with CVC on European mid/large-cap buyouts and infrastructure, runs a listed share model on Nasdaq Stockholm, and shares the same Nordic/European LP and industrial-tech portfolio focus as CVC Catalyst and CVC DIF.
• The Carlyle Group: Global PE firm with comparable Europe, US and Asia strategies. Sold Jagex to CVC and Haveli in a $1.1bn deal; competes head-to-head on European mid-market and large-cap deals, and is a regular co-investment partner on consortium transactions such as large take-privates.
• Bain Capital: Global alternative asset manager across PE, credit and infrastructure. Recent buyer of FineToday from CVC, frequent consortium partner on European buyouts (e.g. consortia with CVC on large take-privates), and overlapping LP base across pension plans, sovereign wealth funds and fund-of-funds.
• Ares Management Corporation: US-headquartered alternative asset manager with the largest publicly listed credit franchise. Directly comparable to CVC Credit on sub-investment-grade corporate credit, CLOs and direct lending; competes for the same insurance and pension LP allocations and overlaps with CVC Secondary Partners on credit secondaries.
• Partners Group: Swiss-headquartered global private markets manager with PE, infrastructure, credit and private wealth strategies. Direct competitor to CVC on European mid/large-cap deals, partnered with CVC on the International Schools Partnership next-phase-of-growth deal, and overlapping LP and individual-investor targets via Partners Group's own evergreen vehicles.
• TPG Inc. US-listed global alternative asset manager with PE, growth, impact and credit strategies. Comparable business mix to CVC post-IPO, similar US/EU LP base, and competes directly on large European take-privates, capital solutions and secondaries — including in healthcare where CVC's Recordati and Therakos deals sit.

Broad incumbents

• Blackstone Inc. Largest global alternative asset manager with private equity, credit, infrastructure and hedge funds. Recently acquired Skroutz from CVC; directly competes for large-cap European deals and is the dominant private wealth distribution franchise — CVC's CVC-PE/CVC-CRED/CVC-PESEC evergreen vehicles are built to compete with Blackstone's individual-investor products.
• Brookfield Asset Management: Global alternative asset manager with the largest infrastructure and renewable power platform. Most direct competitor to CVC DIF on European mid-market and core+ infrastructure, and a benchmark for CVC's pivot toward listed-equity-based fundraising of long-duration capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cvc-capital-partners

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A286 records

Investments118 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CVC Capital Partners