← CVC Capital Partners overview

CVC Capital Partners vs Ares Capital: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

CVC Capital Partners PLC (CVC.AS)

Q3 2026
▲3

CVC posts record results, adds new deals and a co-CEO

  • Record first-half results and faster fundraising CVC reported record cash-outs from selling investments and a 9% rise in fee-paying assets to €153bn. Fee earnings and profit both grew, and the dividend rose 12%. More money under management and more fees mean steadier, larger earnings, which supports the share price.

    This is the core earnings update that shows CVC's business is growing strongly.

  • New insurance partnership puts capital to work CVC will commit £400m ($546m) to a venture with Standard Life's UK pension-transfer business, alongside Prudential and others. It gives CVC a pipeline of private-market investments funded by long-term pension money, a new source of steady fee income.

    It shows CVC expanding into a large, durable pool of insurance-linked capital.

  • TPG's departing president to become CVC co-CEO Todd Sisitsky left TPG after 23 years and will join CVC as co-CEO alongside Peter Rutland by early 2028, as Rob Lucas steps back. A seasoned dealmaker joining strengthens CVC's leadership and succession plan, which investors tend to view favourably.

    Leadership changes at the top affect how investors judge CVC's future direction.

  • CVC weighs big new deals and a possible exit CVC is among bidders for Siemens Energy's steam-turbine unit, valued above €10bn, with €7bn of debt being arranged. Separately, its 51% stake in olive-oil maker Deoleo is under review, with a possible €470m sale. Big deals add growth but tie up capital and carry risk.

    These show CVC actively deploying and recycling capital, with both opportunity and uncertainty.

September 2026
▲3

CVC posts record results, adds new deals and a co-CEO

  • Record first-half results and faster fundraising CVC reported record cash-outs from selling investments and a 9% rise in fee-paying assets to €153bn. Fee earnings and profit both grew, and the dividend rose 12%. More money under management and more fees mean steadier, larger earnings, which supports the share price.

    This is the core earnings update that shows CVC's business is growing strongly.

  • New insurance partnership puts capital to work CVC will commit £400m ($546m) to a venture with Standard Life's UK pension-transfer business, alongside Prudential and others. It gives CVC a pipeline of private-market investments funded by long-term pension money, a new source of steady fee income.

    It shows CVC expanding into a large, durable pool of insurance-linked capital.

  • TPG's departing president to become CVC co-CEO Todd Sisitsky left TPG after 23 years and will join CVC as co-CEO alongside Peter Rutland by early 2028, as Rob Lucas steps back. A seasoned dealmaker joining strengthens CVC's leadership and succession plan, which investors tend to view favourably.

    Leadership changes at the top affect how investors judge CVC's future direction.

  • CVC weighs big new deals and a possible exit CVC is among bidders for Siemens Energy's steam-turbine unit, valued above €10bn, with €7bn of debt being arranged. Separately, its 51% stake in olive-oil maker Deoleo is under review, with a possible €470m sale. Big deals add growth but tie up capital and carry risk.

    These show CVC actively deploying and recycling capital, with both opportunity and uncertainty.

Latest
▲3

CVC posts record results, adds new deals and a co-CEO

  • Record first-half results and faster fundraising CVC reported record cash-outs from selling investments and a 9% rise in fee-paying assets to €153bn. Fee earnings and profit both grew, and the dividend rose 12%. More money under management and more fees mean steadier, larger earnings, which supports the share price.

    This is the core earnings update that shows CVC's business is growing strongly.

  • New insurance partnership puts capital to work CVC will commit £400m ($546m) to a venture with Standard Life's UK pension-transfer business, alongside Prudential and others. It gives CVC a pipeline of private-market investments funded by long-term pension money, a new source of steady fee income.

    It shows CVC expanding into a large, durable pool of insurance-linked capital.

  • TPG's departing president to become CVC co-CEO Todd Sisitsky left TPG after 23 years and will join CVC as co-CEO alongside Peter Rutland by early 2028, as Rob Lucas steps back. A seasoned dealmaker joining strengthens CVC's leadership and succession plan, which investors tend to view favourably.

    Leadership changes at the top affect how investors judge CVC's future direction.

  • CVC weighs big new deals and a possible exit CVC is among bidders for Siemens Energy's steam-turbine unit, valued above €10bn, with €7bn of debt being arranged. Separately, its 51% stake in olive-oil maker Deoleo is under review, with a possible €470m sale. Big deals add growth but tie up capital and carry risk.

    These show CVC actively deploying and recycling capital, with both opportunity and uncertainty.

Ares Capital Corporation (ARCC)

Q3 2026
▼3

Private credit stress tests ARCC's dividend as defaults rise

  • Rising non-accruals and dividend coverage gap Loans not paying interest rose to 2.4% of the portfolio from 1.8%, and core earnings of $0.47 fell short of the $0.48 dividend. That makes the payout less safe and pressures ARCC's price.

    This is the core new credit-quality deterioration directly threatening ARCC's dividend.

  • Record private credit defaults and sector dividend cuts Private credit defaults hit a record 6%, and peer Blue Owl cut its dividend. This raises fears ARCC may follow, weighing on its shares even though ARCC kept its own dividend steady.

    Sector-wide default record and a peer dividend cut are new negative signals for ARCC's payout.

  • Falling loan rates squeeze income ARCC's average loan rate dropped to 10.3% from higher levels, and peers show similar declines. Lower rates mean less interest income, making it harder to cover the dividend and pressuring the stock.

    Declining portfolio yield is a new earnings headwind for ARCC.

  • New $750M bond issue at higher cost ARCC priced $750 million of 6.250% notes due 2033 to repay bank debt. It locks in higher borrowing costs but extends maturities and keeps liquidity strong, so the effect on the stock is mixed.

    This new financing event affects ARCC's capital costs and liquidity.

August 2026
▼3

Private credit stress tests ARCC's dividend as defaults rise

  • Rising non-accruals and dividend coverage gap Loans not paying interest rose to 2.4% of the portfolio from 1.8%, and core earnings of $0.47 fell short of the $0.48 dividend. That makes the payout less safe and pressures ARCC's price.

    This is the core new credit-quality deterioration directly threatening ARCC's dividend.

  • Record private credit defaults and sector dividend cuts Private credit defaults hit a record 6%, and peer Blue Owl cut its dividend. This raises fears ARCC may follow, weighing on its shares even though ARCC kept its own dividend steady.

    Sector-wide default record and a peer dividend cut are new negative signals for ARCC's payout.

  • Falling loan rates squeeze income ARCC's average loan rate dropped to 10.3% from higher levels, and peers show similar declines. Lower rates mean less interest income, making it harder to cover the dividend and pressuring the stock.

    Declining portfolio yield is a new earnings headwind for ARCC.

  • New $750M bond issue at higher cost ARCC priced $750 million of 6.250% notes due 2033 to repay bank debt. It locks in higher borrowing costs but extends maturities and keeps liquidity strong, so the effect on the stock is mixed.

    This new financing event affects ARCC's capital costs and liquidity.

Latest
▼3

Private credit stress tests ARCC's dividend as defaults rise

  • Rising non-accruals and dividend coverage gap Loans not paying interest rose to 2.4% of the portfolio from 1.8%, and core earnings of $0.47 fell short of the $0.48 dividend. That makes the payout less safe and pressures ARCC's price.

    This is the core new credit-quality deterioration directly threatening ARCC's dividend.

  • Record private credit defaults and sector dividend cuts Private credit defaults hit a record 6%, and peer Blue Owl cut its dividend. This raises fears ARCC may follow, weighing on its shares even though ARCC kept its own dividend steady.

    Sector-wide default record and a peer dividend cut are new negative signals for ARCC's payout.

  • Falling loan rates squeeze income ARCC's average loan rate dropped to 10.3% from higher levels, and peers show similar declines. Lower rates mean less interest income, making it harder to cover the dividend and pressuring the stock.

    Declining portfolio yield is a new earnings headwind for ARCC.

  • New $750M bond issue at higher cost ARCC priced $750 million of 6.250% notes due 2033 to repay bank debt. It locks in higher borrowing costs but extends maturities and keeps liquidity strong, so the effect on the stock is mixed.

    This new financing event affects ARCC's capital costs and liquidity.