CVC European Private Credit

CVC-CRED

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Overview StrategyPerformanceAllocations Key terms Share classes FAQ

Overview

Legal Name:

CVC Private Credit Fund S.A. SICAV – CVC-CRED European Private Credit

Manager:

CVC Capital Partners

Website:

https://www.cvc.com/

Fundraising Status:

Open

Domicile:

Luxembourg

Legal Form:

Lux SICAV (S.A.)

Regulatory Regimes:

Lux UCI (Part II), EU AIF

Term:

Perpetual-Life

Base Currency:

EUR

Launch Year:

2024

Inception Date:

May 15, 2024

Size:

€448M (as of Mar 31, 2025)

No. of Investments:

197 (as of Mar 31, 2025)

Administrator:

The Bank of New York Mellon SA/NV, Luxembourg Branch

Investor Eligibility Segments:

Institutional, Professional / Accredited, Retail

Permitted Distribution Countries:

Luxembourg, United Kingdom, United States of America, Germany, Italy

Strategy

CVC‑CRED seeks to invest mainly in privately negotiated, floating‑rate senior secured loans to European companies, centred on first‑lien, unitranche and select second‑lien/mezzanine exposures, with a diversified, income‑oriented, capital‑preservation focus in defensive, non‑cyclical, sponsor‑backed sectors. A smaller liquidity sleeve holds broadly syndicated senior secured loans, bonds and structured credit to manage liquidity and tactically exploit market dislocations.

Asset Classes:

Private Credit

Strategy:

Direct Lending (PC)

Underlying Investment Type:

Direct investments

Geographic Focus Region:

Europe

Geographic Focus:

UK, US, Germany

Sector Focus (GICS):

Diversified

Sector Focus (not standardized):

High Tech Industries, Healthcare & Pharmaceuticals, Services: Business, Media: Diversified & Production, Capital Equipment, Defensive

Other Focus:

ESG Investment Focus

Leverage Limits Summary:

May borrow up to 200% of NAV at compartment level; AIFMD leverage capped at 4:1 gross/commitment.

Investment Limits Summary:

Single underlying issuer (and affiliates) limited to 20% of NAV post ramp-up.

Allocations

Seniority allocation

Seniority

as of Mar 31, 2025Include liquidity sleeve

Target

Seniority

as of Mar 31, 2025

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Seniority

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Sector allocation

Sector

as of Mar 31, 2025Include liquidity sleeve

Target

Sector

as of Mar 31, 2025

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Sector

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Rate Type allocation

Rate Type

as of Mar 31, 2025Include liquidity sleeve

Target

Rate Type

as of Mar 31, 2025

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Rate Type

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Geography allocation

Geography

as of Mar 31, 2025Include liquidity sleeve

Target

Geography

as of Mar 31, 2025

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Geography

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Key terms

for B (EUR) Acc share class

Share Class

Minimum Subsribtion:

€10M

Currency:

EUR

Distribution Type:

Accumulating

Investor Type:

Institutional

Liquidity

Gate:

5% of Compartment NAV per calendar quarter (based on average NAV of prior 3 months or shares outstanding).

Gate Level:

Fund level NAV

Redemption Frequency:

Quarterly

Redemption Basis:

NAV per Share as of the last Business Day of calendar quarter.

Subscribtion Frequency:

Monthly

Subscribtion Basis:

NAV per Share as of the last business day of the preceding month.

Fees

Management Fee:

1.00%

Waived for 12 months from First Trade Date on eligible subscriptions; payable monthly in arrears.

Management Fee Basis:

NAV

Compartment NAV at first business day of month.

Performance Fee:

10.00%

Income Incentive Allocation over 5% annualised hurdle; realised gains component; income quarterly, gains annually; loss netting applied

Performance Fee Basis:

Net Investment Income, Realized Capital Gains

Gains net of realised losses/unrealised depreciation; income quarterly, gains annually; no clawback.

Hurdle rate:

5.00%

Income Incentive Allocation only; 1.25% per quarter (5% annualised).

Catch-up:

Incentive Allocation is flat 10% above Hurdle Rate

Front load (subscription):

0.00%

Any up-front charges are levied separately by distribution intermediaries.

Back load (redemption):

2.00%

If redeemed within 12 months.

Servicing fee:

0.00%

Management Fee:	1.00%	Waived for 12 months from First Trade Date on eligible subscriptions; payable monthly in arrears.
Management Fee Basis:	NAV	Compartment NAV at first business day of month.
Performance Fee:	10.00%	Income Incentive Allocation over 5% annualised hurdle; realised gains component; income quarterly, gains annually; loss netting applied
Performance Fee Basis:	Net Investment Income, Realized Capital Gains	Gains net of realised losses/unrealised depreciation; income quarterly, gains annually; no clawback.
Hurdle rate:	5.00%	Income Incentive Allocation only; 1.25% per quarter (5% annualised).
Catch-up:	-	Incentive Allocation is flat 10% above Hurdle Rate
Front load (subscription):	0.00%	Any up-front charges are levied separately by distribution intermediaries.
Back load (redemption):	2.00%	If redeemed within 12 months.
Servicing fee:	0.00%

Share classes

Name	Min. Subscription	Currency	Inception	Distribution	Investor Type	ISIN	BBG Ticker
B (EUR) Acc	10,000,000 EUR	EUR	-	Accumulating	Institutional	-	-
Class B eg	250,000 EUR	EUR	15 Mar 2018	Accumulating	Institutional	LU1987654321	FUND B LX
Class C Example	500,000 USD	USD	01 Jun 2019	Distributing	Professional	IE0123456789	FUND C ID
Class D eg.	100,000 GBP	GBP	22 Sep 2020	Accumulating	Institutional	GB00ABCDEF12	FUND D LN
Class E Example	25,000 EUR	EUR	03 Jan 2021	Distributing	Retail	LU9988776655	FUND E LX
Class F Example	1,000,000 USD	USD	10 Nov 2017	Accumulating	Institutional	US1234567890	FUND F US

FAQ

What is CVC European Private Credit?

CVC European Private Credit is an evergreen Lux UCI fund focused on Private Credit and managed by CVC Capital Partners.

Who manages CVC European Private Credit?

CVC European Private Credit is managed by CVC Capital Partners, based in Luxembourg, Luxembourg.

How big is CVC European Private Credit?

CVC European Private Credit has a size of €448M.

What type of fund is CVC European Private Credit?

CVC European Private Credit is an open-ended / evergreen Lux UCI fund investing in private credit and domiciled in Luxembourg.

When was CVC European Private Credit launched?

CVC European Private Credit was launched on May 15, 2024 and is structured as a Lux SICAV (S.A.) vehicle with a perpetual-life term.

Where is CVC European Private Credit domiciled and regulated?

CVC European Private Credit is domiciled in Luxembourg under Lux UCI (Part II) and EU AIF.

Data transparency

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Borgline's analyst team cross-checks key figures across independent documents and updates the database only when data is confirmed against the latest, most authoritative disclosures.

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