Private equity firm CVC beats half-year profit expectations

CVC Capital Partners beat expectations for the first half of the year, reporting €434 million ($497 million) of adjusted profit after tax. The Amsterdam-listed private equity firm, trading as CVC.AS, said results were supported by stronger fundraising and a rise in fee-paying assets under management. Analysts had forecast €407 million, according to expectations gathered from company polled analysts. CVC also exceeded market expectations across its key metrics as it closed the first half. The update comes amid heightened attention on fundraising momentum and asset management performance in the private equity sector.