Preqin's Fund Managers Profiles service shows that there are currently 153 fund managers headquartered in the Benelux region. These firms have collectively raised approximately €22.9bn over the past ten years, and there is an estimated €7.9bn available in dry powder to these firms for investment.
Of these fund managers, the majority are based in the Netherlands, with 88 firms raising approximately €12.9bn over the past ten years and an estimated €4.4bn available in uncalled capital. Thirty-nine of these fund managers are based in Belgium, having collectively raised €2.5bn over the past ten years, with an estimated dry powder of €905mn available for investment. Twenty-six private equity fund managers are based in Luxembourg, collectively raising €7.6bn over the past ten years, with an estimated €2.7bn in dry powder. Fund managers based in the Netherlands, Belgium and Luxembourg represent 56%, 11% and 33% of total capital raised in the Benelux region over the past ten years respectively.
The five largest private equity fund managers in the Benelux region by capital raised over the past ten years are Investindustrial, Waterland, AAC Capital Partners, Egeria Capital Management and Groupe Alpha. These firms have collectively raised €10bn over the last decade, representing 43% of the total capital garnered by all Benelux-based fund managers. Investindustrial and Groupe Alpha are both based in Luxembourg, and the three other largest firms are based in the Netherlands. These five firms have an estimated €3.8bn available in dry powder for investment.
The largest firm located in the region, Investindustrial, has raised €2.9bn over the past decade, and primarily focuses on buyout investments in southern Europe-based companies. It has a diversified industry sector focus, and there is approximately €1.2bn available to the firm for investment.
Waterland is the second largest fund manager by total capital raised over the past ten years, having raised approximately €2.6bn. The firm has an estimated €1.1bn available in dry powder, and focuses on investments in the Benelux region, as well as in Germany, Austria, Poland and Switzerland. It typically invests in companies related to outsourcing, efficiency, ageing population, leisure, luxury and sustainability trends.