Finance
CVC's fee-paying assets under management narrowly beat market forecasts
Published by Global Banking & Finance Review®
Posted on February 12, 2026
1 min readLast updated: February 12, 2026
Quick Summary
CVC Capital Partners reported €148 billion in fee-paying assets for 2025, surpassing expectations. Growth was driven by credit and infrastructure divisions.
CVC Capital Partners Surpasses Market Expectations for Fee-Paying AUM
CVC Capital Partners Reports Strong Financial Performance
Feb 12 (Reuters) - Private equity firm CVC Capital Partners said on Thursday its annual fee-paying assets under management exceeded a company-compiled market consensus, supported by its credit, secondaries and infrastructure divisions.
Annual Fee-Paying Assets Under Management
One of the world's largest private equity managers reported fee-paying assets under management of 148 billion euros ($176 billion) for 2025. Analysts had on average forecast 146 billion euros.
Future Growth and Fundraising Plans
"2025 saw record realisations at attractive returns underpinning our confidence in future fundraising, including Fund X," Chief Executive Officer Rob Lucas said in a statement.
Annual Realisations and Cash Generation
CVC said future growth will be driven by major fundraises over the next two years. The firm raises funds from institutional investors like pension funds, sovereign wealth funds, and other financial institutions.
Annual realisations — the cash generated and distributed from successful disposals — came in at 21.9 billion euros, ahead of previous guidance that it expected to meet or slightly surpass the 2024 number.
($1 = 0.8428 euros)
(Reporting by Olivier Cherfan in Gdansk, editing by Milla Nissi-Prussak and Matt Scuffham)
Key Takeaways
- •CVC Capital Partners exceeded 2025 asset expectations.
- •Reported €148 billion in fee-paying assets.
- •Analysts expected €146 billion.
- •Growth driven by credit and infrastructure.
- •CVC is one of the largest private equity managers.
Frequently Asked Questions about CVC's fee-paying assets under management narrowly beat market forecasts
1What is fee-paying assets under management?
Fee-paying assets under management refer to the total value of assets that an investment firm manages for clients, for which it charges fees. This includes investments in private equity, hedge funds, and other financial products.
2What is private equity?
Private equity is a form of investment where funds are directly invested in private companies or buyouts of public companies, leading to their delisting from stock exchanges. Investors aim for high returns over a longer investment horizon.
3What are infrastructure investments?
Infrastructure investments involve funding projects that provide essential services, such as transportation, utilities, and communication systems. These investments often yield stable returns and are considered a key asset class in portfolio management.
