CVC Credit Partners European Opportunities

LN: CCPG

Market Cap£165.1m

Last Close 107p

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

CVC Credit Partners European Opportunities (CCPEOL) has delivered a 22.23% NAV per share total return (CCPG shares) over the last 12 months, outperforming the high-yield debt indices. The shares have returned 30% as the discount to NAV narrowed to 5%. The manager has stayed positive on the market with a focus on the upper CCC and lower B segments and this seems to have paid off. CCPEOL remains optimistic but more cautious; it has cut its credit opportunistic basket from 67% of gross assets in February to 55% at the end of July. The portfolio performance and improved market outlook has led CCPEOL to raise its annual dividend to 5p/5c per share in April after a 0.5p/0.5c hike in September 2020.

Content on CVC Credit Partners European Opportunities
CVC Credit Partners – Strong 2021 performance and dividend hike
Investment companies | Review | 13 September 2021
CVC Credit Partners European Opportunities Fund – executive interview
Investment companies | Edison TV | 10 May 2021
CVC Credit Partners – Remaining positive on the market
Investment companies | Update | 14 January 2021
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Price performance
%
1m
3m
12m
Actual 1.2 (0.7) 15.7
Relative* 3.3 0.4 (4.4)
52-week high/low 108.0p/90.8p
*% relative to local index

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