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CVC European Private Credit (AUD)

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About the Fund

Longreach Capital Advisors, in partnership with CVC is making CVC’s core evergreen private credit strategy, CVC-CRED (as defined below), available to Australian wholesale client investors via units in an Australian registered managed investment scheme structured as an Australian unit trust (with Evolution Trustees Limited as Responsible Entity and Longreach Alternatives Ltd as Investment Manager), CVC European Private Credit (AUD) (“CVC-CRED (AUD)”). CVC-CRED European Private Credit (“Underlying Fund”), a sub-fund of CVC Private Credit Fund S.A. SICAV (“CVC-CRED”), is an open-ended fund that primarily focuses on directly originated loans to European corporates in defensive sectors.

Where European private credit has historically been difficult to access, CVC-CRED (AUD) is an investor-friendly structure, providing Australian wholesale client investors access to CVC-CRED via a single investment, featuring monthly subscriptions and limited liquidity, subject to quarterly caps of 5% of the NAV of the Underlying Fund.

Fund Highlights

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Leading European Credit Platform:

CVC Credit is a leading institutional platform managing €51bn in Credit AUM including €20bn in Private Credit AUM, with zero realised losses in European Direct Lending since inception.¹

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Experienced & Cohesive Team:

CVC is led by a deep bench of over 500 investment professionals, with the private credit team leveraging collaboration with over 120 CVC professionals across 29 teams globally.

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Deep Sourcing Network:

Broad "glocal"² network with teams in 12 European offices and 29 globally, typically acting as lead or co-lead arranger across transactions, having worked with over 90 sponsors since 2014.

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Compelling European Market Opportunity:

European private credit is a growing asset class with an opportunity to drive higher yields given the market is less efficient and less transactional vs. the U.S., whilst maintaining higher underwriting standards.³

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Senior Secured Loans with Conservative Structures:

Privately negotiated, senior secured floating rate loans – the most protected part of the capital structure – to high quality European businesses with loan to values typically less than 50%.

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Defensive Portfolio Focused on Capital Preservation:

Diversified across sponsor-backed businesses in non-cyclical sectors such as business services, financial services, telecoms and healthcare, with contractually agreed interest income generating predictable cashflows.

1. Across European Direct Lending platform, including all closed-end Funds and Separately Managed Accounts, as of 31 December 2025. Past performance is not necessarily indicative of future results.
2. Reflecting both global and local presence.
3. Source: LCD, Global Leveraged Lending Report and Quarterly European Leveraged Lending Review.
Note: The use of the term “Fund” in Fund Highlights above refers to CVC-CRED European Private Credit (“Underlying Fund”), a sub-fund of the CVC Private Credit Fund S.A. SICAV (“Underlying SICAV”).

Fund Facts

Key Fund Information

Unit Class
CVC European Private Credit (AUD) - Class A (Accumulating)
Fund
CVC Private Markets Fund
Underlying Fund
CVC-CRED European Private Credit
APIR
EVO4035AU
Responsible Entity
Evolution Trustees Limited (ABN: 29 611 839 519, AFSL No: 486217)
Valuations
Monthly
Applications
Monthly
Redemptions
Monthly
Distributions
Annually, if any
Management Fees and Costs
2.15% p.a.
Minimum Initial Investment
$50,000
Currency
AUD (Hedged)
Underlying Fund Performance Fee1
A 10% fee on net operating income exceeding a 1.25% quarterly (5% annual) hurdle rate, plus a further 10% on cumulative net realised capital gains since inception after offsetting all realised losses and unrealised depreciation.
All information above relates to CVC European Private Credit (AUD) unless stated otherwise.
1. CVC-CRED (AUD) does not currently charge a performance fee. The Underlying Portfolio Managers, CVC Secondary Partners LLP (formerly known as Glendower Capital LLP), CVC Credit Partners Investment Management Limited and CVC Credit Partners LLC, are entitled to a performance fee in respect to the Underlying Fund. Refer to the Product Disclosure Statement (“PDS”) for further information on the performance fees and more information on management fees and costs.

Apply Now

To apply for units in CVC European Private Credit (AUD) - Class A (Accumulating), please complete the online application form via the link below.

Apply Now
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Key Fund Information

Unit Class
CVC European Private Credit (AUD) - Class D (Distributing)
Fund
CVC Private Markets Fund
Underlying Fund
CVC-CRED European Private Credit
APIR
EVO8995AU
Responsible Entity
Evolution Trustees Limited (ABN: 29 611 839 519, AFSL No: 486217)
Valuations
Monthly
Applications
Monthly
Redemptions
Monthly
Distributions
Monthly
Management Fees and Costs
2.15% p.a.
Minimum Initial Investment
$50,000
Currency
AUD (Hedged)
Underlying Fund Performance Fee1
A 10% fee on net operating income exceeding a 1.25% quarterly (5% annual) hurdle rate, plus a further 10% on cumulative net realised capital gains since inception after offsetting all realised losses and unrealised depreciation.
All information above relates to CVC European Private Credit (AUD) unless stated otherwise.
1. CVC-CRED (AUD) does not currently charge a performance fee. The Underlying Portfolio Managers, CVC Secondary Partners LLP (formerly known as Glendower Capital LLP), CVC Credit Partners Investment Management Limited and CVC Credit Partners LLC, are entitled to a performance fee in respect to the Underlying Fund. Refer to the Product Disclosure Statement (“PDS”) for further information on the performance fees and more information on management fees and costs.

Apply Now

To apply for units in CVC European Private Credit (AUD) - Class D (Distributing), please complete the online application form via the link below.

Apply Now
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Fund Risks

There are a number of risks associated with investing in the Fund, including, but not limited to:

  • Currency risk
  • Market risk
  • Investment risk
  • Liquidity Risk

Please see section 6 of the Product Disclosure Statement for more information about the Fund’s risks.

Disclaimer

Terms of use
No content on this website has been published by CVC (other than that relating to CVC-CRED European Private Credit). This website has been prepared by Longreach Alternatives Ltd (ABN 25 082 852 364 AFSL 246 747) (Longreach Alternatives). Your use of this website is subject to the following terms. By accessing this website, the pages contained on it, and the products, services, information, tools and material contained or described herein (the “Site”) you acknowledge your agreement with and understanding of the following terms of use. Please check these terms regularly to ensure that you are aware of any changes. Your continued use of the website following the posting of changes to these terms will mean you accept any changes made to the Site.

Information provided in this website is intended for persons in Australia who are ‘wholesale clients’ within the meaning of section 761G of the Corporations Act 2001 (Cth). This includes financial advisers and institutional investors.

If you are an investor in the Fund the information made available on this website relating to the Fund is issued by Evolution Trustees Limited (ABN 29 611 839 519, AFSL 486 217) (ETL). ETL is the responsible entity and issuer of units in the Fund. Before making an investment decision in respect of the Fund, you should consider the current Product Disclosure Statement (PDS) and Target Market Determination (TMD), and other material published by Longreach Alternatives or Evolution, and assess whether the Fund is appropriate given your objectives, financial situations or needs. At present, there is one class of units in the Fund on issue called the CVC European Private Credit (AUD) (Unit Class). Longreach Alternatives is the investment manager and distributor of the Fund.

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