Organization |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Organization | 1. Organization CVC-PE Global Private Equity Fund, LP (“CVC-PEF” or the “Fund”) is a Delaware limited partnership formed on September 8, 2025, and is a private fund exempt from registration pursuant to Section 3(c)(7) of the Investment Company Act of 1940, as amended (the “1940 Act”). CVC-PEF’s investment program is primarily designed to offer access to the investment strategies of any private market, commingled fund or managed account arrangement which is managed, advised and/or operated by, or affiliated with, CVC (as defined below) and any other fund or separately managed account arrangement managed, advised and/or operated by, or affiliated with, CVC from time to time (“CVC Funds”) that has a private equity strategy (“CVC Private Equity Funds”). The CVC-PEF investment platform consists of (i) the Fund, available generally for United States (“U.S.”) taxable investors, (ii) CVC-PEF Aggregator (CYM), LP, a Cayman Limited Partnership, (iii) CVC-PEF Secondaries Investment Blocker, LLC, a Delaware Limited Liability Company, (along with CVC-PEF Aggregator (CYM), LP, the “Intermediate Entities”), and (iv) any parallel vehicles established by, or at the direction of, CVC to invest alongside the Fund (the “Parallel Funds”). CVC-PEF is structured as a perpetual-life fund, with monthly, fully-funded subscriptions and quarterly redemptions, upon the start of the Redemption Program (as defined in Note 6. “Net Assets”). “CVC” refers to CVC Capital Partners plc, Clear Vision Capital Fund SICAV-FIS S.A., each of their respective successors or assigns and any form of entity which is controlled by, or under common control with CVC Capital Partners plc or Clear Vision Capital Fund SICAV-FIS S.A. from time to time. CVC-PEF is conducting a continuous private offering of its limited partnership units (“Units”) in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (“1933 Act”), to investors that are both (i) accredited investors (as defined in Regulation D under the 1933 Act) and (ii) qualified purchasers (as defined in the 1940 Act and the rules thereunder). CVC-PEF commenced operations on April 1, 2026 (the “Initial Closing Date”), when CVC-PEF sold Units and began investment activities. CVC-PEF’s first fiscal period will end December 31, 2026. CVC-PEF General Partner Inc., a Delaware corporation, is the Fund’s general partner (the “General Partner”) and an affiliate of CVC. Overall responsibility for oversight of CVC-PEF rests with the General Partner, subject to certain oversight rights held by the board of directors (the “Board”) including periodic reports under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and certain situations involving conflicts of interest. The General Partner will delegate CVC-PEF’s portfolio management function to CVC Advisors (U.S.) Inc. (the “Investment Adviser”). The Investment Adviser is a Delaware corporation and is registered with the United States Securities and Exchange Commission (“SEC”) as an investment adviser under the Investment Advisers Act of 1940, as amended. CVC-PEF’s investment objective is to generate attractive risk-adjusted returns and medium- to long-term capital appreciation for holders of the Fund’s Units (“Unitholders”). CVC-PEF will seek to meet its investment objectives by primarily investing in CVC Private Equity Fund strategies directly or through Intermediate Entities in a variety of ways, including through: • Direct Investments — Investments in companies and other assets alongside current and future CVC Private Equity Funds, • Secondary Investments — Secondary market purchases of existing underlying investments of and/or fund interests in CVC Private Equity Funds, and • Primary Commitments — Primary capital commitments to CVC Private Equity Funds. To a lesser extent, CVC-PEF will also invest in debt and other types of liquid securities (“Liquid Assets”), including but not limited to loans, debt securities, public equities, collateralized debt obligations, collateralized loan obligations, asset-backed securities, mortgage-backed securities and other securitized products, derivatives, money market instruments, cash and cash equivalents as well as in any open-ended CVC Funds having a liquid credit strategy (“Liquid Investments”). CVC-PEF will generally seek to invest 80% of its net asset value (“NAV”) in Direct Investments, Secondary Investments and Primary Commitments and up to 20% of its NAV in Liquid Assets. Its investments may vary materially from these indicative allocation ranges due to factors such as a large inflow of capital over a short period of time, the General Partner and/or the Investment Adviser’s assessment of the relative attractiveness of opportunities, or an increase in anticipated cash requirements or redemption requests and subject to any limitations or requirements relating to applicable law. |