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European-Focused Buyout Funds

by Raffaela Mirai

  • 08 Dec 2009
  • PE

Preqin research shows that of the 74 buyout funds that have closed since January 2009, European-focused funds make up 31%, compared to 51% focusing on North America and 18% focusing on Asia and Rest of World. In 2008, of the 212 buyout funds that closed, European-focused buyout funds made up 31% of the market, compared to 47% focusing on North America and 22% focusing on Asia and Rest of World.

Since the start of 2009, 23 European focused private equity funds have raised EUR 26.9 billion, which represents a 52% decrease from the EUR 56.6 billion raised by 65 European focused buyout funds in 2008. With EUR 10.75 billion in capital commitments, CVC European Equity Partners V is the largest European buyout fund to close in 2009.

Preqin data show that there are in total 237 buyout funds on the road targeting to raise EUR 111 billion in capital commitments. Europe focused buyout funds make up 21% of all buyout funds on the road. These are targeting aggregate capital of over EUR 16.3 billion, which represents 15% of all buyout funds currently fundraising. Triton Fund III is one of the largest European funds currently on the road, targeting EUR 1.9 billion in capital commitments. HgCapital 6 is also another large European buyout fund currently on the road, targeting GBP 1.8 billion in capital commitments.

For more information on private equity fundraising, please see Preqin’s Funds in Market database.

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