CVC Liquid Credit reports $7.9bn of CLO activity in H1
CVC Credit has revealed that its liquid credit strategy closed the first half of 2025 having priced 17 transactions with an aggregate volume of approximately $7.9bn (£5.9bn), in a “very active” period.
Between January and June this year, the global investment team priced four new collateral loan obligation (CLO) issuances for CVC Liquid Credit.
It also executed 10 resets and three refinancings and partial refinancings, driving “further value uplift and return of capital to investors across its existing platform of CLOs”. March saw the most activity, with one reset and three refinancings.
In June, CVC Credit announced the successful pricing of Cordatus XXXV, a new €400m (£346.1m) CLO.
CVC Credit is the €46bn global credit management business of the alternative asset manager CVC.
The CVC Liquid Credit strategy, formerly known as CVC Performing Credit, ended 2024 with 25 transactions priced with a volume of $11bn.
Read more: CVC Credit prices first CLO deal of 2025
“We are very pleased with the strong activity across the CVC Liquid Credit platform this year,” said Guillaume Tarneaud, partner and co-head of CVC Global Liquid Credit and head of European Liquid Credit at CVC.
“Despite market volatility in April, we sustained our momentum throughout the first half and continue to leverage our leading presence in Europe to consistently price new vehicles, while actively managing and optimising our existing CLOs.”
CVC Liquid Credit manages more than €30bn in assets across more than 70 active funds, and is managed by an investment team of around 40 in both the US and Europe.
“In parallel, the US CLO strategy has also posted a constructive first half of the year for the platform, with transaction volumes remaining robust,” Kevin O’Meara, partner and co-head of CVC Global Liquid Credit and head of US Liquid Credit at CVC Credit, added.
“We expect this elevated pace to continue through the remainder of 2025, supported by a balanced mix of new issuance and the refinancing or resetting of current structures when accretive opportunities arise.”
Read more: CVC beats profit expectations as AUM reaches €200bn
