About This Fund
CVC Credit Partners European Direct Lending Fund IV (EUDL IV) is the fourth generation of CVC Credit's flagship European direct lending vehicle, providing senior secured and unitranche private credit solutions to European mid-market and large-cap companies. Established in June 2023 and registered in Luxembourg as a Societe en commandite speciale, the fund held its final close on October 2, 2025 at EUR 10.4 billion in total capital commitments including parallel investment funds and separately managed accounts, a record for CVC's direct lending strategy and approximately 65% larger than its predecessor EUDL III, which raised EUR 6.3 billion at final close in December 2022. The fundraise cements CVC Credit's position as one of Europe's premier private credit managers, operating at scale in the senior secured lending market.
EUDL IV focuses on providing first lien, unitranche, and other senior secured financing primarily to European companies backed by leading private equity sponsors. The fund benefits from CVC's network of sixteen European offices, enabling granular local coverage and deal origination across Western, Central, and Northern Europe. By the time of final close, EUDL IV had already committed to over 30 investments, including financing for the KKR-backed buyout of Immedica Pharma, Cinven's acquisition of idealista, Bridgepoint's delisting of Alpha FMC from AIM, and sole-lender financing for Innovative Beauty Group.
CVC Credit manages over EUR 48 billion in total assets across its Liquid Credit and Private Credit businesses. The firm holds the top ranking among European CLO managers and ranks third among European Private Credit managers in transactions of EUR 250 million or more. EUDL IV attracted capital from a global base of high-quality institutional investors, reflecting growing structural demand for European direct lending as banks continue to retrench from large-ticket corporate lending and sponsors increasingly favour private credit over broadly syndicated loan markets.