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About the company
CVC Income & Growth Limited is a Jersey-based closed-ended investment company. The Company invests the net proceeds of its share issues in CVC European Credit Opportunities S.a r.l, (the Investment Vehicle), which is CVC Credit Partners' existing European credit opportunities investment vehicle. The Company’s investment policy is to invest predominantly in debt instruments issued by companies domiciled in, or with material operations in Western Europe across various industries. The Company’s share capital consists of Euro Shares and Sterling Shares, which are denominated in Euro and Sterling respectively. Its Euro Shares and Sterling Shares are listed on the Official List of the United Kingdom Listing Authority and admitted to trading on the Main Market of the London Stock Exchange. The Company also has two Management Shares in issue, which are unlisted. CVC Credit Partners Investment Management Limited acts as the Investment Vehicle Manager of the Company.
- Revenue in GBP (TTM)40.04m
- Net income in GBP20.86m
- Incorporated2013
- Employees0.00
- LocationCVC Income & Growth Limited GBPIfc1, The EsplanadeSAINT HELIER JE1 4BPJerseyJEY
- Phone+44 1 534815200
- Websitehttps://ig.cvc.com/
Profile
| Management group(s) | CVC Credit Partners |
|---|---|
| AIC sector | Debt - Loans & Bonds |
| ISIN | JE00B9MRHZ51 |
| Launch date | 25 Jun 2013 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To invest predominantly in debt instruments issued by companies domiciled, or with material operations, in Western Europe across various industries. The Company's investments are focused on the senior secured obligations of such companies but investments are also made across the capital structure of such companies.The Company pursues its investment policy by investing all of its assets, save for a working capital balance, in the Investment Vehicle.
Managed by
| Pieter Staelens, Mitchell Glynn |
|---|
Management & contract fees
The Investment Vehicle management fee is 0.90%, which reduces by a further 5 basis points each time the Investment Vehicle’s NAV exceeds €500m, €750m and €1bn respectively, to a minimum of 0.75% per annum.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Schroder Income Growth Fund PLC | -5.88m | -9.23m |
| AVI Japan Opportunity Trust PLC | 32.81m | 30.99m |
| Foresight VCT Plc | 28.97m | 21.97m |
| Baronsmead Venture Trust PLC | 8.85m | 4.69m |
| Pembroke VCT PLC | -2.04m | -7.41m |
| GCP Asset Backed Income Fund Ltd | 19.91m | 11.98m |
| Aquila European Renewables PLC | -27.92m | -31.76m |
| Schroder UK Mid Cap Fund PLC | 21.55m | 18.07m |
| Ecofin Glbl Utlits and Infrstrc Trst PLC | -4.33m | -10.27m |
| Diverse Income Trust PLC | 44.72m | 41.95m |
| CVC Income & Growth Ltd | 40.04m | 20.86m |
| Odyssean Investment Trust PLC | -4.05m | -6.72m |
| Baronsmead Second Venture Trust PLC | 9.86m | 4.23m |
| Jpmorgan China Growth & Income PLC | -90.82m | -95.92m |
| TwentyFour Select Monthly Income Fnd Ltd | 40.25m | 37.93m |
| INVESCO Asia Trust plc | 9.84m | 5.56m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Investec Wealth & Investment Ltd.as of 31 Dec 2023 | 12.45m | 10.42% |
| FIL Investment Advisors (UK) Ltd.as of 30 Jun 2024 | 10.84m | 9.07% |
| Brooks Macdonald Asset Management Ltd.as of 31 Jan 2022 | 3.97m | 3.32% |
| BlackRock Investment Management (UK) Ltd.as of 30 Jun 2024 | 2.51m | 2.10% |
| Quilter Investors Ltd.as of 31 Jul 2024 | 1.30m | 1.09% |
| FIL Investments Internationalas of 30 Jun 2024 | 1.11m | 0.93% |
| Vanguard Global Advisers LLCas of 30 Jun 2024 | 705.90k | 0.59% |
| Waverton Investment Management Ltd.as of 30 Apr 2024 | 389.16k | 0.33% |
| Legal & General Investment Management Ltd.as of 28 Jun 2024 | 347.30k | 0.29% |
| State Street Global Advisors Ltd.as of 30 Jun 2024 | 223.09k | 0.19% |
