CVC Capital Partners will be discussing its involvement in the Formula One group with its investors at a meeting of the firm’s advisory board on September 13. There will then be an annual meeting of investors the following day. It is reckoned that US pension funds and other institutional investors will be asking questions about the allegations being made to discover whether CVC Capital Partners knew anything about the goings-on and to establish what has been done since the stories came to light. CVC has not changed the management and has said almost nothing on the subject. The first answer is probably easier than the second as there has been no obvious action at all. The answers that CVC gives may have an effect on its ability to raise its next fund in 2012. It might also influence the future of some of the executives involved.