CVC Capital Partners has reported strong growth within its private wealth channel in the first quarter of 2026, driven in part by expansion in its credit-focused vehicle.
In its first-quarter results for 2026, the asset manager said its private wealth channel grew to €5.2bn (£4.2bn) in aggregate value, rising 40 per cent quarter on quarter, up €1.6bn.
CVC said the continued growth was driven by its established vehicles, including its private credit fund, CVC-CRED, and private equity platform, CVC-PE. This was alongside the successful launches of funds CVC-PESEC and CVC-PEF in the US, the firm said.
“Fundraising momentum in Q1 was broad-based and included further encouraging progress with our institutional and insurance clients, as well as more than 40 per cent quarterly growth in private wealth,” said Rob Lucas, chief executive of CVC.
The results also showed continued fundraising momentum across CVC’s platforms, including within private credit, with the closing of its CLO equity fund, CVC CLO Equity IV, at $1bn (£739m). The capital raised was a 25 per cent increase compared with the CVC CLO Equity III fund.
The firm also reported strong growth in its secondaries channel, with its dedicated fund SOF VI now raising $8.7bn, surpassing its $7bn target.
Overall, CVC reported continued realisations at elevated levels following a record year in 2025, with €5.0bn in the first quarter of 2026.
Fee-paying assets under management (FPAUM) increased by €2.4bn quarter on quarter, up two per cent, and €8.9bn year on year, up six per cent, to €151bn.
Overall, its non-private equity strategies, now 52 per cent of total FPAUM, growing 14 per cent year on year.
“Realisations continued at high levels following a record year in 2025, and at attractive returns, underpinning our confidence in future fundraising,” Lucas added. “Value creation across our funds showed continued healthy progress, driven by strong portfolio company fundamentals.”
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