CVC Capital Partners (CVC) Q3 2026 TU earnings summary

Executive summary

• Fee-paying AUM reached €176.6bn at Q3-26, up 11% YoY organically and 24% including Marathon’s first-time consolidation; Credit, Secondaries and Infrastructure now represent 60% of FPAUM.

• Fundraising momentum spanned institutional and private-wealth channels, while LTM realisations reached a record €23.1bn and deployment rose to €28.8bn.

Financial highlights

• LTM gross inflows were €27.4bn; FPAUM increased from €153.2bn at Q2-26 to €176.6bn at Q3-26, including €18.4bn from Marathon.

• LTM deployment was €28.8bn, up 26% YoY; LTM realisations were €23.1bn, up 31% YoY.

• Private Equity and Infrastructure value creation was 12% LTM including FX, or 11% excluding FX; Private Equity LTM EBITDA growth was 14%.

Outlook and guidance

• 2026 performance-related earnings guidance reaffirmed at around the 2025 level.

• High confidence in Europe/Americas Fund X reaching €26bn FPAUM or more, following extensive pre-marketing; formal launch planned for January 2027.

• DIF VIII and VA IV commitments reached €6.3bn, with VA IV at its hard cap and strong visibility toward their combined €8bn target.