Cvc Capital Partners Plc (CVCCF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the cvc capital partners plc 2026 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 bruce hamilton to begin the meeting bruce please go ahead thank you operator and good morning everyone today we'll update you on our performance for the first six months of the year We have up to 60 minutes for the call. We'll begin with the presentation and after that we'll open the floor to questions. Presenting today are Rob Lucas, CEO, Rob Squire, Head of Clients and Product Solutions, Peter Rutland, President and Fred Watt, CFO. Rob, over to you. Thanks Bruce and good morning everyone. Welcome to our half year results call. Starting on slide two, you can see the first half of 2026 was a period of real momentum. is strong performance across every part of our business. Once again, we've delivered record realisations at highly attractive returns, a track record that remains second to none. This is translating into fundraising momentum across all four platforms and each client channel, driving growth in fee-paying AUM, greater diversification and still stronger financial performance. First, Let me provide a bit more detail on our operating performance. Realizations continued at record levels, up 79% LTM, and these continue to be delivered at highly attractive reserves. Value creation saw further increases to 11% over the last 12 months, reflecting the benefit of our sourcing and value creation engines. In the first half of this year alone, value creation for PE and infra was 6%, Deployment continued at a consistent pace of €26 billion over the last 12 months to June and with a strong pipeline going forward. And we saw broad-based fundraising momentum r...