European Fundraising 2010 YTD

by Kamarl Simpson

  • 20 Dec 2010
  • PE

Preqin data reveals that there are 393 European-focused funds on the road attempting to raise an aggregate of EUR 114.3 billion in capital commitments. Real estate vehicles are the most numerous type of fund accounting for 116 funds and targeting a total of EUR 31.3 billion. Venture funds are the second most numerous, with 100 currently raising, followed by infrastructure funds with 42. Venture funds are targeting an aggregate EUR 10.7 billion and infrastructure funds have an aggregate target of EUR 22.9 billion.

In 2010 to date, there have been 112 final closes achieved by European-focused funds, with a total of EUR 36.8 billion in capital commitments. The largest amount of capital has been raised by buyout funds - 26 such funds have closed during the year with a total of EUR 11.4 billion in commitments. 11 infrastructure funds have raised EUR 6 billion and 12 fund of funds raised EUR 3.8 billion.

The largest fund currently on the road is BC European Cap IX, a buyout fund targeting EUR 6 billion in capital commitments. The European focused fund is likely to make 15 to 20 investments and is expected to invest in a diversified range of sectors including healthcare, technology and business services.

For more information on private equity fundraising please see Preqin' Funds in Market product.

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