Published by Global Banking & Finance Review®
Posted on February 12, 2026
1 min readLast updated: February 12, 2026
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CVC Capital Partners reported €148 billion in fee-paying assets for 2025, surpassing expectations. Growth was driven by credit and infrastructure divisions.
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.
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.
"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.
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)
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.
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.
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.
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