CVC Credit Partners European Opportunities (CCPEOL) aims to achieve a blend of capital growth and income (it targets gross total returns of 8–12% pa, with c 5pp from income). The portfolio is positioned defensively, mainly in senior secured debt of large issuers (average EBITDA above €500m) from Western Europe. Long-term NAV net total return (TR) performance remains broadly intact at 6.4% pa over three years (vs SP ELLI at 3.5% pa), despite weaker performance during the Q418 d
08 Aug 2019
CVC Credit Partners European Opps - Defensive positioning and solid dividend cover
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CVC Credit Partners European Opps - Defensive positioning and solid dividend cover
CVC Income & Growth Limited GBP (CVCG:LON) | 0 0 0.4% | Mkt Cap: 124.2m
- Published:
08 Aug 2019 -
Author:
Milosz Papst -
Pages:
14
CVC Credit Partners European Opportunities (CCPEOL) aims to achieve a blend of capital growth and income (it targets gross total returns of 8–12% pa, with c 5pp from income). The portfolio is positioned defensively, mainly in senior secured debt of large issuers (average EBITDA above €500m) from Western Europe. Long-term NAV net total return (TR) performance remains broadly intact at 6.4% pa over three years (vs SP ELLI at 3.5% pa), despite weaker performance during the Q418 d