Edison Investment Research - CVC Credit Partners European Opportunities (GBP) (CCPG) CVC Credit Partners European Opps - Credit expert with 5% yield and growth potential

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Edison Investment Research

Sarah Godfrey

CVC Credit Partners European Opps - Credit expert with 5% yield and growth potential

CVC Credit Partners European Opportunities (CCPEOL) aims to achieve a blend of capital growth and income (target total returns of 8â€“12% pa, with cÂ 5pp from income) by investing in high-yielding debt instruments such as senior secured loans and sub-investment grade bonds. The portfolio is biased towards large, liquid issuers (â‚¬600m weighted average EBITDA) in Western Europe, although up to 40% may be allocated to non-European markets. The underlying investment vehicle holds a blend of investments in performing credit, where returns come mainly from income, with a credit opportunities portfolio made up of discounted assets that offer higher yields and the potential for capital growth. CCPEOLâ€™s performance since launch in 2013 has been solid, although the broad-based sell-off in late 2018 has affected returns more recently. The fund has sterling (CCPG) and euro (CCPE) share classes, which have tended to trade close to NAV, and currently yields just over 5%.

05/02/2019 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

Sarah Godfrey

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CVC Credit Partners European Opps - Credit expert with 5% yield and growth potential

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

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

AAC Clyde Space - Solid start to the year with further order growth

Tinexta - Typical seasonality in Q124

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