Investor confidence drives €10.4 billion close of CVC Credit’s latest European Direct Lending fund

Investor confidence drives €10.4 billion close of CVC Credit’s latest European Direct Lending fund

(IN BRIEF) CVC Credit, part of global private equity firm CVC, has completed the final close of its fourth European Direct Lending fund (EUDL IV), raising €10.4 billion. This represents a major increase compared to its previous funds, which raised €6.3 billion in 2022 and €1.3 billion in 2020. The platform’s success is built on CVC’s four decades of European presence and a network of 16 local offices. CEO Rob Lucas credited strong performance and investor trust for the result, while Andrew Davies, Head of CVC Credit, highlighted the structural growth of the private credit market. EUDL IV has already committed to over 30 investments, including KKR’s Immedica Pharma deal, Cinven’s acquisition of idealista, and Bridgepoint’s Alpha FMC delisting. With more than €48 billion in assets under management across its Credit platform, CVC aims to continue expanding its role as one of Europe’s top three private credit managers.

(PRESS RELEASE) LUXEMBOURG, 3-Oct-2025 — /EuropaWire/ — CVC Credit, the credit management arm of CVC, has announced the successful final close of its fourth European Direct Lending fund (EUDL IV), raising €10.4 billion. The fundraising marks a significant step forward for the platform, far exceeding the €6.3 billion secured in 2022 for its predecessor fund and the €1.3 billion raised in 2020.

The growth of the European Direct Lending platform reflects CVC’s longstanding presence and deep roots in the region. With over 40 years of focus on Europe and a network of 16 offices across the continent, CVC has developed strong relationships with local institutions, investors, and market participants, positioning its Credit platform as a leading force in private credit.

Rob Lucas, CEO of CVC, described the fundraising as a reflection of both strong investment performance and the trust of world-class institutional partners. “This is an excellent outcome for our latest European Direct Lending fund,” Lucas commented. “It highlights the strength of our long-term investor relationships and the consistent performance of our strategy.”

The success of EUDL IV further cements CVC’s position as one of the largest private credit managers in Europe. The Credit platform now manages more than €48 billion in assets, including €18 billion in private credit, with European Direct Lending and Capital Solutions as core strategies. Andrew Davies, Managing Partner and Head of CVC Credit, emphasized the role of structural market changes in driving growth. “The European private credit market has evolved rapidly and is increasingly relevant to the broader credit ecosystem,” Davies said. “We have scaled our platform to meet this demand and established ourselves as one of the top three private credit managers in Europe.”

EUDL IV has already been actively deployed, with more than 30 investments completed. These include participation in landmark transactions such as KKR’s acquisition of Immedica Pharma, Cinven’s purchase of idealista, and Bridgepoint’s delisting of Alpha FMC. The fund also acted as sole lender in Innovative Beauty Group’s acquisition and supported the growth strategy of smartTrade.

Looking ahead, CVC Credit intends to leverage insights from CVC’s global private equity platform and its international network of 30 offices to continue delivering tailored financing solutions for Europe’s leading financial sponsors. The firm views its Credit business as a key component of CVC’s broader ambitions in insurance and private wealth, where it sees significant opportunities for further expansion.

Media Contact:

Patrick Humphris
Managing Director, Head of Corporate Affairs
CVC
Tel: +44 204 576 9526
phumphris@cvc.com

SOURCE: CVC Capital Partners