CVC Capital Partners PLC (XAMS:CVC)

Full Year 2025 CVC Capital Partners PLC Earnings Call Transcript

Mar 11, 2026 / 08:30 AM GMT

Release Date Price: €10.8 (-8.86%)

Transcript

Key Points

Positve

CVC Capital Partners PLC (CVCCF) achieved significant fundraising success in 2025, with €23 billion in gross inflows, particularly from credit, secondaries, and infrastructure.
The company's fee-paying assets under management (AUM) increased to €148 billion, with more than 50% coming from credit, secondaries, and infrastructure.
CVC Capital Partners PLC (CVCCF) reported a 39% increase in performance-related earnings and a 13% rise in EBITDA, reaching €1.1 billion.
The strategic partnership with AIG, including a $3.5 billion collaboration, highlights CVC Capital Partners PLC (CVCCF)'s capabilities in the insurance channel.
The company has a strong track record of returning capital to clients, with realizations of €21.9 billion in 2025, and has returned 30% more capital than deployed over the past four years.

Negative

The recognition of performance fees has been delayed, with expectations of reaching €400 million pushed back due to timing of exits and market conditions.
There is a slight decline in private equity fee-paying AUM, attributed to record realizations, which may impact future fundraising confidence.
The company faces challenges in the private equity deployment due to market uncertainty following Liberation Day.
CVC Capital Partners PLC (CVCCF) acknowledges that the 2021 vintage, including Fund 8, is more challenged compared to other vintages.
The company anticipates lumpy, non-linear recognition of carry under IFRS, which could lead to unpredictable performance-related earnings year by year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CVC.AS - CVC Capital Partners PLC
Full Year 2025 CVC Capital Partners PLC Earnings Call
Mar 11, 2026 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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And good morning everyone. Today we'll update you on our performance for 2025. We have around 60 minutes for the call. We'll begin with a presentation and after that we'll open the floor to questions. Presenting today are Rob Lucas, CEO, Fred Watt, CFO, Peter Rutland, President, and Rob Squire, head of client and product solutions. Rob, over to you.

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Unidentified_2 [2]
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Thanks, Bruce, and good morning everyone.

Welcome to our 2025 full year results and thanks for joining the call.

2025 was another really strong year of

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