CVC–Cred European Private Credit

CVC–Cred European Private Credit is an open-ended SICAV managed by CVC, domiciled in Luxembourg and authorised under the UCI Part II regime, placing it in the Non-ELTIF category rather than under the ELTIF framework. The vehicle has been operating since 2023 and invests in private debt via a direct lending approach, denominated in EUR and distributed on a pan-European basis to both professional and eligible retail investors. Its reported size, , and its allocation across markets, , are tracked on the same basis as the other 148 private debt funds in the coverage universe as of 31 Aug 2026.

The structure is evergreen rather than drawdown: investors subscribe monthly at a NAV struck monthly, with a minimum commitment of 25,000 EUR. Redemptions are processed quarterly and require 30 days of notice, so liquidity is periodic and dealing-date dependent rather than continuous, and the underlying loan book is funded on a semi-permanent capital base. The fund is classified Article 8 under SFDR.

Within the dataset of 494 vehicles, it sits among the 347 funds domiciled in Luxembourg and, more narrowly, among the 108 Luxembourg-domiciled private debt funds, a group in which open-ended, monthly-dealing formats are the main alternative to closed-ended structures. Its management fee, , and performance fee, , are disclosed and benchmarked against that same peer group.