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Funds in Market Raised by EU-based Fund Managers

by Laura Duce

  • 30 May 2012
  • PE

Preqin’s Funds in Market product shows that there are currently 390 funds seeking capital commitments being raised by EU-based fund managers. Collectively, these 390 funds are targeting an aggregate total of approximately €128bn in investor capital. 82% of these funds have a predominant geographical investment focus throughout Europe, a further 14% of the funds focus mainly across the Asia and Rest of World region, and the remaining 4% of funds target investments predominantly throughout North America. 162 of these vehicles are being raised by UK-headquartered firms, with an aggregate target size of €79bn, accounting for almost 62% of total capital targeted.

Of these vehicles being raised by EU-based fund managers, 177 have already held at least one interim close and aggregate commitments currently stand at €31bn. Buyout and infrastructure funds are targeting the largest amount of investor capital, with collective targets of €40.3bn and €29.4bn respectively.

The average target size of funds of these 390 funds being raised is €328.2mn, and the largest fund is targeting €9bn. The three largest funds currently in market are Apax VIII, Permira V, and Cinven V, which are targeting €9bn, €6.5bn, and €5bn respectively. All three funds are being raised by UK-based fund managers, and all have a diversified industry focus. Apax VIII and Cinven V focus solely on European investments, and Permira V targets investments worldwide.

Over the past 12 months, 145 funds raised by EU-based fund managers have held a final close, collecting aggregate commitments of €42bn. 48 of these funds were raised by UK-based fund managers, and accounted for 46% of total capital raised by EU-based managers.

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