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CVC Credit Partners European Opportunities

LN: CCPG

Market Cap£134m

Last Close 100p

CVC Credit Partners European Opportunities is a closed-end investment company, domiciled in Jersey and listed in London. It invests through a Luxembourg vehicle, CVC European Credit Opportunities, aiming to provide investors with regular income and capital appreciation from a diversified portfolio of predominantly sub-investment grade debt instruments. The portfolio is split into two pools, performing credit and credit opportunities.

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Investment summary

Despite the COVID-19 challenge, 2021 was a good year for CVC Credit Partners European Opportunities (CCPEOL). NAV total return was 12.2%, outperforming the high-yield debt indices. While the manager remained positive throughout 2021, the portfolio closed the year more defensively – the credit opportunities basket was 49% of gross assets versus 67% in February and 55% in July. Management is nevertheless encouraged by the supportive economic outlook, the floating rate nature of leveraged loans and active corporate loan debt markets. CCPEOL’s dividend yields are 4.7% and 5.1% on its sterling and euro shares, respectively.

Content on CVC Credit Partners European Opportunities
CVC Credit Partners European Opportunities – Floating rate advantage in 2022
Investment companies | research Update | 2 March 2022
CVC Credit Partners – Strong 2021 performance and dividend hike
Investment companies | research Review | 13 September 2021
CVC Credit Partners European Opportunities Fund – executive interview
Investment companies | Edison TV | 10 May 2021
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Price performance
%
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12m
Actual (0.9) (5.2) (2.4)
Relative* (0.2) (4.8) (5.9)
52-week high/low 108.0p/98.0p
*% relative to local index

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