CVC Capital Partners (CVC) Q4 2024 TU earnings summary

Executive summary

• Total AUM reached €200bn as of 31 December 2024, with FPAUM up 50% year-over-year to €147bn, driven by strong fundraising and deployment activity.

• Deployment activity recovered significantly, up 71% from FY 2023, led by Private Equity and strong origination in Credit.

• Realisation volumes increased 114% year-over-year, but near-term exit outlook remains cautious due to inconsistent market activity.

• 2024 marked a landmark year with a successful IPO, acquisition of CVC DIF, and final stake in CVC Secondary Partners, expanding and diversifying the business.

Financial highlights

• FPAUM rose from €98.2bn at end-2023 to €147.3bn at end-2024 (+50%).

• €25.6bn deployed in 2024, up from €14.9bn in 2023.

• €13.1bn in realisations in 2024, more than double the €6.1bn in 2023.

• €16bn of capital raised in FY 2024, with strong momentum in Credit and Secondaries fundraising.

Outlook and guidance

• Continued acceleration of Private Wealth platform, with new product launches and further expansion planned over the next twelve months.

• Infrastructure fundraising for DIF VIII & Value Add IV launched in January 2025, targeting €8bn.

• Cautious near-term outlook for exits due to inconsistent market activity.