European Diversified Financials: Lunchtime Snack

研报英文原文证据摘录

European Diversified Financials: Lunchtime Snack

Equity Research

European Diversified Financials

19 June 2026

Lunchtime Snack

We assemble an easily digestible summary of all our research,

reporting and news from the last week to enjoy over lunch.

Highlights include CVC Secondaries event, DB1 May stats, European Diversified Financials POSITIVE

Rathbones regulatory update. On the menu next week: European Diversified Financials

Amundi Asia Workshop, Aberdeen ii Roundtable and a trip to Grace Dargan

Edinburgh. +44 (0)20 3555 4065 grace.dargan@barclays.com

Barclays, UK

THE HOUSE SPECIAL Michael Sanderson

Chart of the week +44 (0)20 3134 2487

michael.sanderson@barclays.comCVC's deep-dive into its Secondaries platform highlighted the strong and accelerating growth of

the Secondaries market. The long-established LP Secondaries market has grown at >15% in the

last four years, with the GP market also growing at c.12% in that period, providing fresh Krystal Han

management fee earnings growth for CVC's strongly performing investment vintages. +44 (0)20 7116 1890

krystal.han@barclays.com

FIGURE 1. LP-led market has continued to mature and transaction volumes have continued to grow Barclays, UK

Hafsa Yasir

+44 (0)20 7116 3644

hafsa.yasir@barclays.com

Claudia Gaspari

+44 (0)20 3134 6039

claudia.gaspari@barclays.com

Source: CVC, Barclays Research

THE SET MENU

Starter - Did you catch the research?

• US exchanges - the perpetual futures debate: Our US colleagues continue to believe

disruptive fears to the traditional US exchange models are overblown. Given the ongoing

pressure on shares driven by perpetual futures-related headlines, they've laid out what is

Barclays Capital Inc. and/or one of its affiliates does and seeks to do business with companies

covered in its research reports.