UK-Focused Funds in Market

by Cindy Smith

  • 30 Jul 2012
  • PE

Preqin’s Funds in Market database reveals that there are currently 99 funds in market seeking an aggregate £24.6bn in capital commitments that include the UK in their geographic focus. Of these funds, 37 have already held at least one interim close, raising just under £6.1bn towards their final target. Forty-two of these vehicles focus exclusively on the UK, and 35 of these are managed by UK-based fund managers. Collectively, these 42 funds are targeting £6.6bn in aggregate capital commitments.

Real estate funds account for the largest number of UK-focused funds on the road, with 44 vehicles currently seeking capital and targeting the largest aggregate amount of capital of over £10.9bn. Infrastructure funds are the second most numerous, with 13 currently raising, followed by buyout funds with 10. Infrastructure funds are targeting over £4bn in aggregate capital commitments and buyout funds currently in market are raising a larger aggregate target of £5.8bn.

The largest fund currently in market that includes the UK in its wider geographical focus is the Cinven V fund. Cinven V is the fifth private equity fund raised by the UK-based fund manager Cinven and is a buyout fund targeting €5bn focused on investments throughout Europe. The largest fund that focuses exclusively on the UK is the Barclays Senior Debt Infrastructure Fund, a £500mn infrastructure fund targeting senior debt investments in UK-based social, economic, and energy infrastructure projects.

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