We're proud to have advised CVC Credit on the final close of its fourth European Direct Lending fund, EUDL IV, which together with parallel funds and accounts raised €10.4 billion to deploy across the European Direct Lending opportunity. This fundraise represents a significant increase over CVC's prior European Direct Lending funds, which raised deployable capital of €6.3 billion in 2022, and €1.3 billion in 2020. Congratulations to CVC Credit on this milestone!
Arendt & Medernach acted as Luxembourg counsel to CVC Credit, the global credit management business of CVC, on the final close of its fourth European Direct Lending fund (EUDL IV), which together with parallel funds and accounts raised €10.4 billion to deploy across the European Direct Lending opportunity. This fundraise represents a significant increase over CVC's prior European Direct Lending funds, which raised deployable capital of €6.3 billion in 2022 and €1.3 billion in 2020. CVC Credit manages total assets of more than €48 billion across its Liquid Credit and Private Credit businesses. The Private Credit platform comprises its European Direct Lending and Capital Solutions strategies with assets of more than €18 billion.
Read more about the fundraise here.
Arendt & Medernach previously advised CVC Credit on its third European Direct Lending fund, which, together with parallel funds and accounts, raised €6.3 billion of deployable capital in 2022.