Clairvest (CVG) Q1 2027 earnings summary

Executive summary

• Book value increased to $1.328 billion ($99.26/share) as of June 30, 2026, up 3.8% from March 31, 2026, inclusive of dividends accrued and paid after quarter end.

• Net income for Q1 2027 was $48.4 million ($3.61/share), driven by higher valuations in the private equity portfolio.

• Completed the sale of Star Waste Systems, realizing US$138.6 million in proceeds and a 2.6x multiple on invested capital.

• Three new investments totaling $216 million were completed in the quarter, with two more ($73 million) after quarter end.

Financial highlights

• Net investment gain for the quarter was $55.8 million, up from $36.0 million year-over-year.

• Net income and comprehensive income rose to $48.4 million from $21.3 million year-over-year.

• Basic and diluted EPS increased to $3.61 from $1.51 year-over-year.

• Total assets grew to $1.55 billion from $1.48 billion sequentially.

• Cash, cash equivalents, and temporary investments rose to $368.7 million from $324.9 million sequentially.

Outlook and guidance

• Strong momentum expected for the remainder of the year, with continued build-out of the CEP VII portfolio.

• Management highlights entry into new sectors, including luxury experiential travel and medical practice management.