Cvc Capital Partners Plc (CVCCF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the CBC Capital Partners PLC 2025 half-year results call. Please be aware that this call is being recorded and all participants are currently in listen-only mode. I would like to hand over to Walid Damu to begin the meeting. Walid, please go ahead. Thank you and good morning everyone. Today we will update you on our performance for the first six months of the year. We have 60 minutes for the call, and as usual, we'll begin with the presentation, and after that, we'll open the floor for questions. Presenting today are Rob Lucas, our CEO, Fred Watt, CFO, and Rob Squire, Head of Client and Product Solutions. Rob, over to you. Thanks, Waleed, and good morning, everyone. Welcome to our interim results, and thanks for joining the call. While we're here to talk about our very encouraging H1 results, I also hope that you'll take away from the presentation that we're continuing to make good progress in building CVC for the medium and long term. Our objective throughout the last 40 years has been to deliver top class returns for our stakeholders today, while at the same time building and strengthening CVC for the future. And that is what we're continuing to do. We are incredibly fortunate to be so well positioned in a fast-growing, dynamic market, and we are all on a very exciting journey together. In terms of our first half results, H125 represents another period of encouraging performance. We've seen strong fundraising momentum across CVC. and we're benefiting from long-term structural tailwinds overlaid with clients allocating ever more capital to scaled multi-asset managers such as CVC and increased interest in Europe. We continue to scale and diversify our fee-paying AUM, which has increased from €128 billion as of June 24 to €140 billion today...