CVC says next buyout fund might surpass latest, assets jump one-fourth (updated)

CVC Capital Partners

29/10/2026 08:04

Rewrites paragraph 1 to include Fund X, adds details throughout
By Zakarya Meliani
Oct 29 (Reuters) - CVC Capital Partners CVC.AS is confident its next flagship European and Americas buyout fund will reach at least €26 billion (about $29 billion) in fee-paying assets, surpassing the private equity firm's previous fund.
The fund, named Fund X, would be launched in January 2027.
    The Amsterdam-listed company on Thursday reaffirmed its guidance for 2026 performance-related earnings at around the 2025 level.
CVC's fee-paying assets under management rose 24% year-on-year to €177 billion at the end of September, the firm said in its third-quarter update.
Realisations - cash earned and distributed from the successful sale of investments - totaled €23.1 billion over the 12 months to the end of September, up 31% from a year earlier.
For the first nine months of the year, realisations came to €16.6 billion, compared with €15.4 billion in the same period of 2025.
Deployment over the last 12 months totaled €28.8 billion, up 26%, CVC said. CVC said its secondaries fund SOF VI closed at $10 billion against a target of $7 billion. 
CVC shares were flat in early trading.

($1 = 0.8959 euros)

 (Reporting by Zakarya Meliani, editing by Mrigank Dhaniwala)
 ((zakarya.meliani@thomsonreuters.com))