CVC Credit Raises Over €10 Billion in Latest Direct Lending Push

CVC Capital Partners’s credit unit has amassed a €10.4 billion ($12.2 billion) pool of capital for its latest push into European direct lending, according to a statement seen by Bloomberg News.

The alternative investment manager has rapidly grown its direct lending franchise over the past five years as the private credit market becomes a useful source of funding for buyout firms in the region.

“The European private credit market has developed significantly in recent years, driven by structural tailwinds and the increasing relevance of private credit within the wider credit ecosystem,” Andrew Davies, head of CVC Credit, said ...