CVC Capital Partners posted €830m in adjusted after-tax profit for 2024, exceeding analyst expectations by 11 percent, as management fees surged 23 percent to €1.33bn.

The strong earnings performance led to a 3.3 percent rise in CVC’s stock, narrowing year-to-date losses.

The firm’s realisations, or exits from portfolio investments, more than doubled to €13.1bn, reflecting a 114 percent increase compared to 2023. CVC expects exit activity in 2025 to remain at or slightly above current levels as it continues to capitalize on market conditions.

CEO Robert Lucas acknowledged persistent economic and geopolitical uncertainty but emphasized that such environments often create compelling investment opportunities. CVC has continued to identify profitable exits while expanding its management fee earnings, a key driver of its financial performance.

In line with its strong results, CVC announced a €0.21 per share dividend, bringing total shareholder distributions to €225m. The firm’s ability to generate substantial returns and exit portfolio assets at higher valuations highlights its strength in navigating volatile markets.

With private equity firms facing a shifting macroeconomic landscape, CVC’s success underscores the growing role of management fees and strategic portfolio exits in driving profitability across the sector.