Edison Investment Research - CVC Credit Partners European Opportunities (GBP) (CCPG) CVC Credit Partners European Opportunities - Remaining positive on the market

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Edison Investment Research

Pedro Fonseca

CVC Credit Partners European Opportunities - Remaining positive on the market

CVC Credit Partners European Opportunities (CCPEOL) has achieved a total NAV return of 1.9% (target 8% annual return) in the last 12 months. Its index outperformance was helped by sector rotation early in the COVID-19 crisis and by staying positive on the market. The manager sees the greatest opportunity in the upper CCC and lower B segments and in structured finance. CCPEOL remains optimistic in the credit opportunities segment, despite the market recovery. It expects 2021 will bring more leveraged loan issuance from broader industrial segments, thus providing greater investment prospects. Portfolio resilience led CCPEOL to raise its annual dividend from 4p/4c per share to 4.5p/4.5c in September 2020.

14/01/2021 13 EN

Underlying

CVC Credit Partners European Opportunities (GBP)

CVC Credit Partners European Opportunities is a closed-ended investment company limited by shares. Co. invests predominantly in companies domiciled, or with material operations, in Western Europe across various industries. Co.'s investments are focused on senior secured obligations of such companies but investments are also made across the capital structure of such borrowers.

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JE00B9MRHZ51 London Stock Exchange Jersey

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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CVC Credit Partners European Opportunities - Remaining positive on the market

CVC Income & Growth - Equity-like return potential on senior secured debt

CVC Income & Growth - Uncertainty creates opportunity

CVC Credit Partners European Opportunities - Floating rate advantage in 2022

Information Services Corporation - Strong underlying growth, guidance reiterated

PVA TePla - Material matters

Zalaris - Continuing contract momentum in FY24

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