CVC understands the importance of providing a constant dialogue with its investors.
We constantly strive to improve the way in which information is distributed to our investors and all other stakeholders. We communicate with our investors on a regular basis via:
CVC has a fund advisory board made up of a group of fund investors representing each CVC fund. The primary role of the advisory board is to resolve potential conflicts of interest, for example when a transaction involves more than one CVC fund.
An ongoing feature of discussions with limited partners revolves around the dialogue on standardised guidelines for fund terms and conditions proposed by the Institutional Limited Partners Association (ILPA). Originally founded in the early 1990s, ILPA has since grown significantly, particularly in recent years, and today has a membership today of over 230 organisations, representing over US$1 trillion in private equity assets under management. As a business model, private equity is set apart by a strict alignment of interests between the private equity firm, the limited partners in its funds and the portfolio company management.
Many of the CVC funds’ limited partners are members of ILPA. As well as regular dialogue with our investor base, CVC has responded to specific member requests and sensitivities concerning compliance with ILPA guidelines for better alignment of interests. Since raising our first fund in 1996, CVC has consistently adopted a proactive approach to its alignment of interest with investors, and we will continue to work closely with ILPA members and other investors in the years ahead to benefit our investors’ interests.