CVC Income & Growth Limited
CVCG.L
London Stock Exchange119.00
GBp
+0.00
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CVC Income & Growth Limited
CVCG.L
(London Stock Exchange)
Recent
price
119.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- CVC Income & Growth Limited (CVCG.L) is a Jersey-domiciled closed-ended investment company focused on generating regular income and capital appreciation through a diversified portfolio of sub-investment grade European corporate debt instruments, primarily senior secured loans and other fixed income securities; it invests substantially all assets in CVC Credit Partners Liquid Credit SCA SICAV-RAIF – Compartment 1 – European Credit Opportunities Fund, which targets sub-investment grade senior secured debt obligations of companies across diversified sectors in Western Europe. The company, founded in 2013 and listed on the London Stock Exchange since June 25 of that year, operates from its registered office in St. Helier, Jersey, with a European bias in high-yielding floating rate assets diversified across large liquid capital structures in various industries. It benchmarks performance against indices including the S&P European Leveraged Loan Index, iBoxx EUR Liquid High Yield Index, S&P Europe 350 Index, and HFRX Global Hedge Fund Index, while providing shareholders quarterly dividends and daily liquidity on the LSE alongside quarterly NAV-based tenders. Main products and services encompass exposure to senior secured loans, sub-investment grade corporate credit, and debt instruments issued by Western European companies with material operations there, leveraging investment ideas from CVC Credit Partners' global platform for actively managed strategies in floating rate and other credit opportunities driven by European banking regulatory changes. In recent developments, CVC Income & Growth continues steady operations amid parent CVC Capital Partners' strategic expansions, including the 2024 completion of the DIF Capital Partners acquisition and full ownership of Glendower Capital (rebranded CVC Secondary Partners), alongside CVC's IPO and launches of evergreen products CVC-CRED and CVC-PE to accelerate private wealth and insurance channel growth; the company appointed Cadarn Capital in June 2023 for distribution and investor relations services, supporting its focus on income-oriented investors seeking high yields from European credit markets.