CVC Liquid Credit closes H1 2025 with $7.9 billion in CLO activity across 17 Deals

CVC Credit, the €46 billion global credit management business of CVC, is pleased to announce that CVC Liquid Credit (formerly known as CVC Performing Credit) has recorded a very active first six months of the year, pricing 17 transactions with an aggregate volume of approximately $7.9 billion (c.€7.1bn). This follows an exceedingly busy year in 2024 with 25 transactions priced with a volume of $11 billion. 

CVC Liquid Credit has leveraged its global investment team to create value for investors through both new CLO formation and active portfolio management, by continuously evaluating and executing on opportunities to enhance the return profile of its existing CLO vehicles through resets, refinancings and/or reissues.  

So far this year, the team has priced four new CLO issuances in the period between January and June and driven further value uplift and return of capital to investors across its existing platform of CLOs by executing ten resets and three refinancings and partial refinancings. 
 
Andrew Davies, Managing Partner and Head of CVC Credit, said: “It has been a positive start to the year and we are pleased with the progress made across both our Liquid Credit and Private Credit strategies. Looking ahead, we remain firmly committed to building on this success, deepening our support for our clients and continuing to generate long-term value for our investors.”

Guillaume Tarneaud, Partner and Co-Head of CVC Global Liquid Credit and Head of European Liquid Credit at CVC, said: “We are very pleased with the strong activity across the CVC Liquid Credit platform this year. 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”

Kevin O’Meara, Partner and Co-Head of CVC Global Liquid Credit and Head of US Liquid Credit at CVC Credit, added:  “In parallel, the U.S. CLO strategy has also posted a constructive first half of the year for the platform, with transaction volumes remaining robust.  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. Our activity so far has been met with positive reception from both investors and the broader market, reinforcing confidence in our strategy and the strength of our execution.”

CVC Liquid Credit manages over €30 billion in assets across more than 70 active funds, managed by a team of around 40 investment professionals in both the US and Europe.

H1 2025 CLO activity summary