CVC Capital Partners announced financial highlights for the six months ended June 30, 2026. Fee-paying assets under management reached €153 billion, up 9% versus H1 2025. Credit, Secondaries and Infrastructure grew 19% versus H1 2025.
Fee-related revenues were €771 million, up 9% versus H1 2025. Fee-related earnings were €442 million, up 11%, with an FRE margin of 57%. Performance-related earnings were €110 million, up 15%. EBITDA was €554 million, up 12%. Profit after tax was €434 million, up 10%. Earnings per share were €0.40, up 11%.
CVC declared a planned interim dividend of approximately €0.26 per share, totaling €275 million, up 12% versus the H1 2025 interim dividend per share. The dividend is to be paid on September 15, 2026, to shareholders registered on August 21, 2026. The company’s ongoing share buyback program is for up to €350 million, with €194 million completed to date.
Last twelve months’ realizations rose 79% year-on-year to €23.8 billion. H1 realizations were up 19% versus H1 2025. CVC delivered investment returns of 2.8x Gross Multiple of Money and 21% Gross Internal Rate of Return across Private Equity exits. The company has returned 33% more capital than it has called from its Private Equity funds since January 2022.
Credit, Secondaries and Infrastructure now represent more than 55% of fee-paying AUM. Private Wealth aggregate value increased 4x year-over-year to €6.7 billion. CVC’s Credit & Insurance platform now comprises more than €60 billion of fee-paying AUM following the acquisition of Marathon and a $3.5 billion strategic partnership with AIG. Value creation momentum was 11% across Private Equity and Infrastructure over the last twelve months, including 16% for Europe / Americas Fund VIII.
Fundraising momentum reached €10.8 billion in gross inflows in H1 2026. CVC Catalyst closed at $3.4 billion, above its $2 billion target. Secondaries have raised $9.3 billion for SOF VI to date, already more than 60% larger than its predecessor fund. Infrastructure has closed €5.2 billion of commitments. CVC said it has increasing visibility and confidence in delivering its upcoming Europe / Americas Fund X at the same size or larger than its predecessor.
KEY QUOTE:
“The first half of 2026 was a period of real momentum for CVC, with strong performance across every part of our business. We delivered record realisations over the last twelve months at highly attractive returns. Since January 2021, in Europe / Americas we have returned over €50 billion to our investors, at four times multiple of money, a track record that remains second to none. This is translating into fundraising momentum with €11 billion gross inflows in the first half alone, driving growth in Fee-paying AUM, greater diversification, and strong financial performance. All this means we’re extremely well positioned for growth and gaining market share on the back of our consistent outperformance and investor appetite for Europe.”
Rob Lucas, CEO, CVC Capital Partners
