CVC Capital Partners plc — Cyborg Score 8/10

Strong
Alternative Investment Management / Private Markets

Strategic Profile

CVC ranked fourth in Private Equity International's PEI 300 ranking among the world's largest private equity firms in June 2024. CVC's network comprises 30 offices globally, making it one of the most geographically diverse and longest-established networks of any private equity or credit investor worldwide. The firm is executing a growth strategy through strategic acquisitions and expanded distribution channels.

Cyborg Score Rationale

Deployment remained strong at €25.7bn driven by Credit, Secondaries and Infrastructure, with highly attractive gross returns of 3.2x MOIC and 23% IRR in 2025. Recent major acquisitions and strong fundraising momentum demonstrate market leadership.

Top Insights

  • CVC's Marathon acquisition will create a credit platform with 61 billion euros in fee-paying AUM with the goal of more than doubling this figure to 200 billion euros by 2028
  • Private Wealth reached €3.6bn of aggregate value, nearly 5x vs. €0.8bn at Dec24, with broadening of products and distributors to drive growth in 2026
  • In 2023, CVC raised the largest ever raised private equity fund globally at €26 billion
  • Private Equity realisations increased 77%, and over the past 4 years, CVC has returned more capital than deployed, underpinning confidence in future fundraising

Named Competitors

  • Blackstone — Global alternative asset manager with largest AUM in private equity
  • Carlyle Group — Leading global alternative asset manager in private equity and credit
  • KKR — Major private equity and alternative asset manager
  • Apollo Global Management — Diversified alternative asset manager with significant credit presence

Recent Developments

  • (Feb 2026) M&G and CVC agree landmark $1.1 billion private equity transaction
  • (Feb 2026) CVC agreed to acquire 80% stake in Animal Nutrition & Health business of DSM-Firmenich AG for €1.7 billion
  • (Jan 2026) CVC Capital Partners agreed to buy Marathon Asset Management as part of efforts to widen its footprint in US credit markets
  • (Feb 2026) CVC DIF and Northleaf divest US data center portfolio, Vault Digital Infrastructure, to Igneo Infrastructure Partners

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