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Clairvest (CVG) investor relations material
Clairvest Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY2027 net income was $27.8M, driven by a net increase in private equity portfolio valuations; book value rose 2.1% QoQ to $1.356B.
CEP III received its remaining escrow proceeds and was dissolved, delivering a final 2.5x net return for third-party investors, ranked top quartile for its North American buyout vintage.
Financial highlights
Q2 net income was $27.8M, or $2.08/share, versus a $76.8M loss, or $5.43/share, in the prior-year quarter.
H1 net income was $76.2M, or $5.69/share, versus a $55.4M loss, or $3.92/share, in H1 FY2026.
Net investment gain was $24.8M in Q2 and $80.6M in H1, compared with losses of $94.5M and $58.5M in the prior-year periods.
Total expenses excluding income taxes were $15.7M in Q2 and $35.4M in H1, versus $4.2M and $29.2M in the respective prior-year periods.
Outlook and guidance
CEP VII is expected to substantially complete its investment program in 2027; it had made eight investments since 2024 and was 35% invested as of the release date.
An active pipeline of opportunities was in diligence as CEP VII continued building its portfolio.
- Q4 net income offset a full-year loss; new fund launched and special dividend declared.CVG
Q4 2024 - Book value and net income increased, with strong returns from Winters Bros. and new fund launched.CVG
Q1 2025 - Strong net income and book value growth fueled by private equity gains and asset sales.CVG
Q2 2025 - Strong Q3 results with higher book value, robust net income, and key portfolio transactions.CVG
Q3 2025 - Book value per share climbed to $88.30, with $122 million net income and robust investment activity.CVG
Q4 2025 - Book value per share increased to $88.94, with Q1 net income of $21.3 million.CVG
Q1 2026 - Q2 2026 saw a $76.8M net loss from a major write-off, but a significant acquisition was announced.CVG
Q2 2026 - Q3 net income surged to $105.1 million on strong investment exits, boosting book value 9%.CVG
Q3 2026 - Book value per share grew 10.5% year-over-year, driven by strong exits and robust investment activity.CVG
Q4 2026
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