Summary of Significant Accounting Policies (Policies)	6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of CVC-PEF have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions for Form 10-Q and with the rules and regulations of the SEC. CVC-PEF follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 946, Financial Services — Investment Companies (“Topic 946”).
Basis of Consolidation	Basis of Consolidation In accordance with Topic 946, CVC-PEF generally does not consolidate entities unless CVC-PEF has a controlling financial interest in an investment company or operating company whose business consists of providing services to CVC-PEF. CVC-PEF consolidates in its unaudited consolidated financial statements the accounts of the Intermediate Entities that meet the criteria described above. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the unaudited consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Management believes that estimates utilized in the preparation of the unaudited consolidated financial statements are prudent and reasonable. Actual results could differ from those estimates and such differences could be material.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and Cash Equivalents represents cash on hand, cash held in banks, money market funds and liquid investments with original maturities of three months or less. At times, CVC-PEF may have bank balances in excess of federally insured limits.
Investment Valuation	Investment Valuation CVC-PEF carries its investments at fair value in accordance with ASC Topic 820, Fair Value Measurement (“Topic 820”). Topic 820 establishes a hierarchical disclosure framework which ranks the observability of market inputs used in measuring investments at fair value. The observability of inputs is impacted by a number of factors, including the type of investment, the characteristics specific to the investment and the state of the marketplace, including the existence and transparency of transactions between market participants. CVC-PEF’s investments measured and reported at fair value are classified and disclosed based on the observability of inputs used in the determination of fair value, as follows: • Level I — Inputs are quoted prices in active markets for identical investments as of the reporting date. The Fund does not adjust the quoted price for such investments. • Level II — Inputs are other than quoted prices in active markets and are either directly or indirectly observable as of the reporting date. These inputs may include quoted prices for similar investments in active markets, quoted prices for identical or similar investments in markets that are not active, or other observable inputs. • Level III — Inputs are unobservable and significant to the overall fair value measurement. The determination of fair value for investments classified within Level III requires significant judgment or estimation by the General Partner In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement in its entirety. CVC-PEF recognizes transfers between levels of the fair value hierarchy at the end of the reporting period in which the transfer occurs. In the absence of observable market prices, CVC-PEF values its investments using valuation methodologies applied on a consistent basis in accordance with CVC-PEF’s valuation policies and procedures approved by the General Partner. Such methodologies may include the market approach, which considers comparable company or transaction multiples, and the income approach, which incorporates discounted cash flow analyses and other valuation techniques. These methods involve a significant degree of judgment. For Secondary Investments and Primary Commitments, CVC-PEF generally determines fair value based on its proportionate share of the most recent NAV reported by the respective underlying fund manager, provided that such NAV is calculated in a manner consistent with Topic 946. The reported NAV may be adjusted where appropriate for subsequent capital contributions, distributions and other material known, knowable and quantifiable events occurring through the reporting date. To the extent the underlying fund holds publicly traded securities, CVC-PEF considers material changes in the quoted market prices of such securities from the date of the most recent reported NAV. In addition, where appropriate, CVC-PEF may adjust the reported NAV to reflect estimated material changes in the fair value of the underlying fund’s non-public investments from the date of the most recent reported NAV through the reporting date.
Foreign Currency	Foreign Currency CVC-PEF’s investments may be denominated in foreign currencies and, thus, are subject to foreign currency exchange rate fluctuations. Assets and liabilities denominated in foreign currencies are remeasured into U.S. dollars at the prevailing exchange rate at the reporting date. Transactions denominated in foreign currencies, including purchases and sales of investments, and income and expenses, are remeasured into U.S. dollars at the prevailing exchange rates at the respective transaction dates. The effects of changes in foreign currency exchange rates on investments are recorded in Net Change in Unrealized Appreciation (Depreciation) on Investments on the Consolidated Statements of Operations. The effects of foreign currency exchange rates on transactions are recorded in Net Realized Gain (Loss) on Translation of Assets and Liabilities in Foreign Currencies and Net Change in Unrealized Appreciation (Depreciation) on Translation of Assets and Liabilities in Foreign Currencies on the Consolidated Statements of Operations.
Calculation of Net Asset Value	Calculation of Net Asset Value CVC-PEF calculates NAV under U.S. GAAP as of the end of each month by deducting liabilities and all accrued fees (including Servicing Fees (as defined below), Management Fees, Incentive Allocations, distributions entitlement and other fees and expenses (including, without limitation, redemption fees, anti-dilution fees and/or similar fees)) from the fair value of all assets. See Note 5. “Related Party Transactions” for the definitions of Management Fees and Incentive Allocations. Expenses directly related to CVC-PEF or its classes of units (each, a “Class”) are charged to CVC-PEF or the applicable Class. Expenses directly related to CVC-PEF and other shared expenses prorated to CVC-PEF are allocated to each Class based on its relative net assets or other appropriate methods. Other operating expenses shared by several funds, including other funds managed by the Investment Adviser, are prorated among those funds on the basis of relative net assets or other appropriate methods. NAV per unit for each class is calculated by dividing the net asset value for that Class by the total number of outstanding Units of that class on the reporting date. For purposes of establishing the price at which transactions in CVC-PEF’s Units are made (and not for financial reporting purposes), CVC-PEF also calculates a monthly “Transactional NAV”, which differs from CVC-PEF’s NAV determined in accordance with U.S. GAAP. To calculate CVC-PEF’s Transactional NAV (i) the Expense Support (as defined in Note 5. “Related Party Transactions”) paid by the Investment Adviser will be recognized as a reduction to NAV after the expiration of the Expense Support Period (as defined in Note 5. “Related Party Transactions”) and in the month the Fund reimburses the Investment Adviser for such costs, (ii) Servicing Fees (as defined below), as applicable, are recognized as a reduction to NAV on a monthly basis as such fees are paid and (iii) contingent tax liabilities of certain Intermediate Entities that are not expected to be recognized due to the expected structure of the divestment of the associated underlying investment may not be recognized as a reduction to NAV (although tax liabilities of those same Intermediate Entities may be taken into account in determining the fair value of the associated underlying investment).
Net Realized Gain (Loss) and Unrealized Appreciation (Depreciation) on Investments	Net Realized Gain (Loss) and Unrealized Appreciation (Depreciation) on Investments Realized gains or losses on investments are recognized upon the sale, repayment, or other disposition of an investment and are measured as the difference between the net proceeds received and the investment’s cost basis, adjusted for any previously recognized unrealized appreciation or depreciation, with cost determined using the specific identification method. Realized gains and losses are included in the Consolidated Statements of Operations in the period in which the disposal event occurs. Net Change in Unrealized Appreciation (Depreciation) on Investments reflects the change in fair value of investments during the reporting period, including the reversal of previously recorded unrealized amounts upon realization. Unrealized appreciation and depreciation is included in the Consolidated Statements of Operations in the period in which the change in fair value occurs.
Derivative Instruments	Derivative Instruments CVC-PEF enters into foreign currency forward contracts to economically hedge against foreign currency exchange rate risk on its non-U.S. dollar denominated investments or to facilitate settlement of foreign currency denominated transactions. A foreign currency forward contract is an agreement between two parties to buy and sell a currency at a set price with delivery and settlement at a future date. Foreign currency forward contracts are carried at fair value and are marked-to-market at each reporting date. Changes in fair value are recognized in Net Change in Unrealized Appreciation (Depreciation) on Derivative Instruments on the Consolidated Statements of Operations. Upon settlement or termination of a contract, realized gains or losses are recognized in Net Realized Gain (Loss) on Derivative Instruments on the Consolidated Statement of Operations and represent the difference between the proceeds received or paid and the contract’s carrying value at the time of settlement. Foreign currency forward contracts involve elements of market risk in excess of the amounts reflected in the consolidated statements of assets and liabilities. The primary risk associated with these instruments is the risk of an unfavorable change in the underlying foreign currency exchange rates. CVC-PEF enters into foreign currency forward contracts under ISDA master agreements with its counterparties. These agreements provide for the netting of amounts payable and receivable with the same counterparty and permit, for foreign currency transactions, settlement on a net basis for amounts due on the same date and in the same currency. CVC-PEF does not offset derivative assets and liabilities in its Consolidated Statement of Assets and Liabilities. CVC-PEF recognizes derivative instruments as assets or liabilities at fair value in the Consolidated Statement of Assets and Liabilities as Derivative Assets at Fair Value and Derivative Liabilities at Fair Value, respectively. See Note 4. “Derivative Instruments” for additional information.
Organizational and Offering Expenses	Organizational and Offering Expenses Organizational costs are expensed as incurred. Offering costs are capitalized as a deferred expense and included on the Consolidated Statement of Assets and Liabilities and amortized over a 12 month period. Organizational and offering expenses were not borne by CVC-PEF until the Initial Closing Date.
Servicing Fees	Servicing Fees CVC-PEF pays participating brokers or other financial intermediaries a servicing fee (the “Servicing Fee”) on Class S Units, Class D Units, Class R-S Units and Class R-D Units in an amount equal to, on an annualized basis, 0.85%, 0.25%, 0.85% and 0.25%, respectively, of the Transactional NAV of such Class as of the end of each month. No Servicing Fee is payable with respect to Class I, Class R-I, Class C and Class G Units. In calculating the Servicing Fee, CVC-PEF uses the Transactional NAV as of the end of each month before giving effect to any accruals for the Servicing Fee, redemptions, if any, for the applicable month and distributions payable on Units. In accordance with U.S. GAAP, CVC-PEF accrues the estimated cost of the Servicing Fee for the estimated life of its Units as an offering cost at the time the Fund sells the Units bearing such fees.
Income Taxes	Income Taxes CVC-PEF is treated as a partnership for U.S. federal income tax purposes and files U.S. federal, state, and local tax returns as prescribed by the tax laws of the jurisdictions it operates in. CVC-PEF is not subject to U.S. federal income tax but may be subject to certain state and local taxes. Any income, expenses, gains and losses are passed through to the Unitholders of CVC-PEF and each Unitholder is individually liable for the taxes on their share of CVC-PEF’s taxable income or loss. There were no income taxes incurred by CVC-PEF for the three months ended June 30, 2026. CVC-PEF is subject to ASC Topic 740, Income Taxes (“Topic 740”), which established for all entities, including pass-through entities, a minimum threshold for financial statement recognition of positions taken in filing a tax return (including whether an entity is taxable in a particular jurisdiction), and requires certain expanded tax disclosure. Based on its analysis, there were no positions identified by the General Partner which did not meet the “more likely than not” standard as prescribed by Topic 740 for the three months ended June 30, 2026. CVC-PEF has recorded no tax liabilities pursuant to Topic 740 within the Consolidated Statement of Assets and Liabilities. The General Partner continually reviews CVC-PEF’s tax positions and such conclusions under Topic 740 based on factors including, but not limited to, ongoing analyses of tax laws and regulations and interpretations thereof. To the extent CVC-PEF filed U.S. tax returns, such returns shall be subject to examination by U.S. federal, state and local authorities in accordance with the applicable statutes of limitations.
Segment Reporting	Segment Reporting CVC-PEF operates through a single reporting segment with the objective of generating attractive risk-adjusted returns and medium- to long-term capital appreciation. CVC-PEF’s executive officers together act as CVC-PEF’s chief operating decision maker (“CODM”). The CODM primarily utilizes Net Increase in Net Assets Resulting from Operations to implement investment policy decisions, manage the portfolio and assess the performance of CVC-PEF. As CVC-PEF’s operations comprise a single reportable segment, the segment assets are reflected on the accompanying Consolidated Statement of Assets and Liabilities as Total Assets and the significant segment expenses are presented on the accompanying Consolidated Statements of Operations.

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2026

The accompanying unaudited consolidated financial statements of CVC-PEF have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions for Form 10-Q and with the rules and regulations of the SEC. CVC-PEF follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 946, Financial Services — Investment Companies (“Topic 946”).

Basis of Consolidation

In accordance with Topic 946, CVC-PEF generally does not consolidate entities unless CVC-PEF has a controlling financial interest in an investment company or operating company whose business consists of providing services to CVC-PEF. CVC-PEF consolidates in its unaudited consolidated financial statements the accounts of the Intermediate Entities that meet the criteria described above. All significant intercompany balances and transactions have been eliminated in consolidation.

Use of Estimates

The preparation of the unaudited consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Management believes that estimates utilized in the preparation of the unaudited consolidated financial statements are prudent and reasonable. Actual results could differ from those estimates and such differences could be material.

Cash and Cash Equivalents

Cash and Cash Equivalents represents cash on hand, cash held in banks, money market funds and liquid investments with original maturities of three months or less. At times, CVC-PEF may have bank balances in excess of federally insured limits.

Investment Valuation

CVC-PEF carries its investments at fair value in accordance with ASC Topic 820, Fair Value Measurement (“Topic 820”). Topic 820 establishes a hierarchical disclosure framework which ranks the observability of market inputs used in measuring investments at fair value. The observability of inputs is impacted by a number of factors, including the type of investment, the characteristics specific to the investment and the state of the marketplace, including the existence and transparency of transactions between market participants.

CVC-PEF’s investments measured and reported at fair value are classified and disclosed based on the observability of inputs used in the determination of fair value, as follows:

•

Level I — Inputs are quoted prices in active markets for identical investments as of the reporting date. The Fund does not adjust the quoted price for such investments.

•

Level II — Inputs are other than quoted prices in active markets and are either directly or indirectly observable as of the reporting date. These inputs may include quoted prices for similar investments in active markets, quoted prices for identical or similar investments in markets that are not active, or other observable inputs.

•

Level III — Inputs are unobservable and significant to the overall fair value measurement. The determination of fair value for investments classified within Level III requires significant judgment or estimation by the General Partner

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

CVC-PEF recognizes transfers between levels of the fair value hierarchy at the end of the reporting period in which the transfer occurs.

In the absence of observable market prices, CVC-PEF values its investments using valuation methodologies applied on a consistent basis in accordance with CVC-PEF’s valuation policies and procedures approved by the General Partner. Such methodologies may include the market approach, which considers comparable company or transaction multiples, and the income approach, which incorporates discounted cash flow analyses and other valuation techniques. These methods involve a significant degree of judgment.

For Secondary Investments and Primary Commitments, CVC-PEF generally determines fair value based on its proportionate share of the most recent NAV reported by the respective underlying fund manager, provided that such NAV is calculated in a manner consistent with Topic 946. The reported NAV may be adjusted where appropriate for subsequent capital contributions, distributions and other material known, knowable and quantifiable events occurring through the reporting date. To the extent the underlying fund holds publicly traded securities, CVC-PEF considers material changes in the quoted market prices of such securities from the date of the most recent reported NAV. In addition, where appropriate, CVC-PEF may adjust the reported NAV to reflect estimated material changes in the fair value of the underlying fund’s non-public investments from the date of the most recent reported NAV through the reporting date.

Foreign Currency

CVC-PEF’s investments may be denominated in foreign currencies and, thus, are subject to foreign currency exchange rate fluctuations. Assets and liabilities denominated in foreign currencies are remeasured into U.S. dollars at the prevailing exchange rate at the reporting date. Transactions denominated in foreign currencies, including purchases and sales of investments, and income and expenses, are remeasured into U.S. dollars at the prevailing exchange rates at the respective transaction dates. The effects of changes in foreign currency exchange rates on investments are recorded in Net Change in Unrealized Appreciation (Depreciation) on Investments on the Consolidated Statements of Operations. The effects of foreign currency exchange rates on transactions are recorded in Net Realized Gain (Loss) on Translation of Assets and Liabilities in Foreign Currencies and Net Change in Unrealized Appreciation (Depreciation) on Translation of Assets and Liabilities in Foreign Currencies on the Consolidated Statements of Operations.

Calculation of Net Asset Value

CVC-PEF calculates NAV under U.S. GAAP as of the end of each month by deducting liabilities and all accrued fees (including Servicing Fees (as defined below), Management Fees, Incentive Allocations, distributions entitlement and other fees and expenses (including, without limitation, redemption fees, anti-dilution fees and/or similar fees)) from the fair value of all assets. See Note 5. “Related Party Transactions” for the definitions of Management Fees and Incentive Allocations.

Expenses directly related to CVC-PEF or its classes of units (each, a “Class”) are charged to CVC-PEF or the applicable Class. Expenses directly related to CVC-PEF and other shared expenses prorated to CVC-PEF are allocated to each Class based on its relative net assets or other appropriate methods. Other operating expenses shared by several funds, including other funds managed by the Investment Adviser, are prorated among those funds on the basis of relative net assets or other appropriate methods. NAV per unit for each class is calculated by dividing the net asset value for that Class by the total number of outstanding Units of that class on the reporting date.

For purposes of establishing the price at which transactions in CVC-PEF’s Units are made (and not for financial reporting purposes), CVC-PEF also calculates a monthly “Transactional NAV”, which differs from CVC-PEF’s NAV determined in accordance with U.S. GAAP. To calculate CVC-PEF’s Transactional NAV (i) the Expense Support (as defined in Note 5. “Related Party Transactions”) paid by the Investment Adviser will be recognized as a reduction to NAV after the expiration of the Expense Support Period (as defined in Note 5. “Related Party Transactions”) and in the month the Fund reimburses the Investment Adviser for such costs, (ii) Servicing Fees (as defined below), as applicable, are recognized as a reduction to NAV on a monthly basis as such fees are paid and (iii) contingent tax liabilities of certain Intermediate Entities that are not expected to be recognized due to the expected structure of the divestment of the associated underlying investment may not be recognized as a reduction to NAV (although tax liabilities of those same Intermediate Entities may be taken into account in determining the fair value of the associated underlying investment).

Net Realized Gain (Loss) and Unrealized Appreciation (Depreciation) on Investments

Realized gains or losses on investments are recognized upon the sale, repayment, or other disposition of an investment and are measured as the difference between the net proceeds received and the investment’s cost basis, adjusted for any previously recognized unrealized appreciation or depreciation, with cost determined using the specific identification method. Realized gains and losses are included in the Consolidated Statements of Operations in the period in which the disposal event occurs.

Net Change in Unrealized Appreciation (Depreciation) on Investments reflects the change in fair value of investments during the reporting period, including the reversal of previously recorded unrealized amounts upon realization. Unrealized appreciation and depreciation is included in the Consolidated Statements of Operations in the period in which the change in fair value occurs.

Derivative Instruments

CVC-PEF enters into foreign currency forward contracts to economically hedge against foreign currency exchange rate risk on its non-U.S. dollar denominated investments or to facilitate settlement of foreign currency denominated transactions. A foreign currency forward contract is an agreement between two parties to buy and sell a currency at a set price with delivery and settlement at a future date. Foreign currency forward contracts are carried at fair value and are marked-to-market at each reporting date. Changes in fair value are recognized in Net Change in Unrealized Appreciation (Depreciation) on Derivative Instruments on the Consolidated Statements of Operations. Upon settlement or termination of a contract, realized gains or losses are recognized in Net Realized Gain (Loss) on Derivative Instruments on the Consolidated Statement of Operations and represent the difference between the proceeds received or paid and the contract’s carrying value at the time of settlement.

Foreign currency forward contracts involve elements of market risk in excess of the amounts reflected in the consolidated statements of assets and liabilities. The primary risk associated with these instruments is the risk of an unfavorable change in the underlying foreign currency exchange rates.

CVC-PEF enters into foreign currency forward contracts under ISDA master agreements with its counterparties. These agreements provide for the netting of amounts payable and receivable with the same counterparty and permit, for foreign currency transactions, settlement on a net basis for amounts due on the same date and in the same currency. CVC-PEF does not offset derivative assets and liabilities in its Consolidated Statement of Assets and Liabilities.

CVC-PEF recognizes derivative instruments as assets or liabilities at fair value in the Consolidated Statement of Assets and Liabilities as Derivative Assets at Fair Value and Derivative Liabilities at Fair Value, respectively.

See Note 4. “Derivative Instruments” for additional information.

Organizational and Offering Expenses

Organizational costs are expensed as incurred. Offering costs are capitalized as a deferred expense and included on the Consolidated Statement of Assets and Liabilities and amortized over a 12 month period. Organizational and offering expenses were not borne by CVC-PEF until the Initial Closing Date.

Servicing Fees

CVC-PEF pays participating brokers or other financial intermediaries a servicing fee (the “Servicing Fee”) on Class S Units, Class D Units, Class R-S Units and Class R-D Units in an amount equal to, on an annualized basis, 0.85%, 0.25%, 0.85% and 0.25%, respectively, of the Transactional NAV of such Class as of the end of each month. No Servicing Fee is payable with respect to Class I, Class R-I, Class C and Class G Units. In calculating the Servicing Fee, CVC-PEF uses the Transactional NAV as of the end of each month before giving effect to any accruals for the Servicing Fee, redemptions, if any, for the applicable month and distributions payable on Units.

In accordance with U.S. GAAP, CVC-PEF accrues the estimated cost of the Servicing Fee for the estimated life of its Units as an offering cost at the time the Fund sells the Units bearing such fees.

Income Taxes

CVC-PEF is treated as a partnership for U.S. federal income tax purposes and files U.S. federal, state, and local tax returns as prescribed by the tax laws of the jurisdictions it operates in. CVC-PEF is not subject to U.S. federal income tax but may be subject to certain state and local taxes. Any income, expenses, gains and losses are passed through to the Unitholders of CVC-PEF and each Unitholder is individually liable for the taxes on their share of CVC-PEF’s taxable income or loss. There were no income taxes incurred by CVC-PEF for the three months ended June 30, 2026.

CVC-PEF is subject to ASC Topic 740, Income Taxes (“Topic 740”), which established for all entities, including pass-through entities, a minimum threshold for financial statement recognition of positions taken in filing a tax return (including whether an entity is taxable in a particular jurisdiction), and requires certain expanded tax disclosure. Based on its analysis, there were no positions identified by the General Partner which did not meet the “more likely than not” standard as prescribed by Topic 740 for the three months ended June 30, 2026.

CVC-PEF has recorded no tax liabilities pursuant to Topic 740 within the Consolidated Statement of Assets and Liabilities. The General Partner continually reviews CVC-PEF’s tax positions and such conclusions under Topic 740 based on factors including, but not limited to, ongoing analyses of tax laws and regulations and interpretations thereof. To the extent CVC-PEF filed U.S. tax returns, such returns shall be subject to examination by U.S. federal, state and local authorities in accordance with the applicable statutes of limitations.

Segment Reporting

CVC-PEF operates through a single reporting segment with the objective of generating attractive risk-adjusted returns and medium- to long-term capital appreciation. CVC-PEF’s executive officers together act as CVC-PEF’s chief operating decision maker (“CODM”). The CODM primarily utilizes Net Increase in Net Assets Resulting from Operations to implement investment policy decisions, manage the portfolio and assess the performance of CVC-PEF. As CVC-PEF’s operations comprise a single reportable segment, the segment assets are reflected on the accompanying Consolidated Statement of Assets and Liabilities as Total Assets and the significant segment expenses are presented on the accompanying Consolidated Statements of Operations.