Q1 2026 Activity Update

Key Highlights Q1 2026 Activity Update: Fee-paying AUM increased €2.4bn quarter-over-quarter (+2%) and €8.9bn year-over-year (+6%), reaching €151bn total. Non-PE strategies now constitute 52% of total FPAUM, growing 14% YoY. Fundraising: Broad momentum observed across platform and client channels. Institutional fundraising continued with: - European mid-market PE fund Catalyst oversubscribed for its $2bn target. - Secondaries fund SOF VI raised $8.7bn (vs. $7bn target). - CVC CLO Equity IV closed at $1bn, a 25% increase vs. CVC CLO Equity III. Private Wealth: CVC Private Wealth now at €5.2bn aggregate value (up €1.6bn or >40% QoQ), with growth in established vehicles CVCCRED and CVC-PE, plus successful launches of CVC-PESEC and CVC-PEF in the US. Performance remains strong at ~10% annualized IRR for CVC-CRED and >20% for CVC-PE, with minimal redemptions. Realisations: Continued high levels of realisations in Q1-26 with €5.0bn, and LTM PE realisations of €18.6bn at highly attractive returns of 2.9x gross MOIC and 22% IRR. Value creation: Strong despite lower public valuation multiples, with LTM value creation of 11% ex. FX across Private Equity and Infrastructure, in line with Dec-25 levels. Q1 value creation of 3.5% across Europe/America funds, 5.0% for Fund VIII. CVC-CRED has delivered positive returns in every month since inception, including each month YTD. Marathon Asset Management remains on track for Q3-26 closing. CEO Comment: CVC delivered a strong first quarter of 2026. Fundraising momentum was broad-based, with encouraging progress from Institutional and Insurance clients. Private Wealth saw over 40% quarterly growth. Realisations continued at high levels with attractive returns, underpinning confidence in future fundraising. Value creation across funds showed healthy progress, driven by strong portfolio company fundamentals. The company looks forward to building on this momentum through 2026 and beyond.