Report

CVC Credit Partners European Opps - Actively working on credit opportunities

CVC Credit Partners European Opportunities (CCPEOL) aims to achieve a blend of capital growth and income (it targets gross total returns pre fees of 8–12% pa, with c 5pp from income). It maintains two pools of assets – performing credit with assets acquired close to par and credit opportunities consisting of discounted assets. CCPEOL’s one-year NAV total return (to 10 January) was a modest 3.4% for the sterling shares and was assisted by positive returns in November and December. Throughout most of the year, performance was driven by the performing credit bucket. In turn, credit opportunity returns were muted as the company was working on a number of restructuring processes that we understand started to bear fruit at the end of 2019.
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.

Provider
Edison Investment Research
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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