CVC Credit, the global credit management business of CVC, has held the final close of its third European Direct Lending fund with €6.3 billion to deploy across the European direct lending opportunities, representing a significant increase over CVC’s prior fund.
CVC Credit, the global credit management business of CVC, has held the final close of its third European Direct Lending fund (EUDL III) with €6.3 billion to deploy across European Direct Lending opportunities, representing a significant increase over CVC’s prior European Direct Lending fund.
Recent transactions completed by EUDL III include: Advent’s buyout of IRCA; Astorg’s investment in OPEN Health; Cinven’s acquisition of Euro Techno Com; Partners Group’s acquisition of Version 1; and, TPG’s partnership with DOC Generici.
CVC Credit now manages total assets of more than €35 billion across its Performing Credit and Private Credit businesses. The Private Credit platform comprises its European Direct Lending and Capital Solutions strategies with assets of more than €10 billion.
