Cvc Capital Partners Plc (CVCCF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and good morning everyone today we'll update you on our performance for 2025 we have around 60 minutes for the call we'll begin with a presentation and after that we'll open the floor to questions presenting today are rob lucas ceo fred watt cfo peter rutland president and rob squire head of client and product solutions rob over to you thanks bruce and good morning everyone welcome to our 2025 full year results and thanks for joining the call 2025 was another really strong year of delivery for CVC. We achieved further great fundraising success with 23 billion euros of gross inflows and powerful contributions from credit, secondaries and infrastructure. Importantly, the pre-marketing of our latest private equity vehicle, Europe America's 10, is progressing well. We're seeing strong, very strong growth across the The aggregate value of our private wealth vehicles increased from approximately €800 million as of December 2024 to €3.6 billion as of December 2025. And our recently announced $3.5 billion strategic partnership with AIG illustrates our compelling capabilities in the insurance channel. Our fee-paying AUM increased to €148 billion, now comes from credit, secondaries and infrastructure. These three platforms grew by 12% in 2025, demonstrating the benefits of our diversification of the group. And we achieved record realisations of €21.9 billion in 2025 at highly attractive returns. Over the past four years, we have now returned This is a key differentiator compared with our private market peers, which positions us extremely well as we look towards fund 10. Our strong operating performance translated into record financial performance. Management fees increased by 9% to 1.45 billion. Performance related earnings increased by 39% to 254 million euros. and EBITDA inc...