Preqin’s Fund Managers Profiles product shows that there are currently 1346 fund managers headquartered in Western Europe. These firms have collective raised roughly €440bn over the past ten years and have estimated dry powder of €120bn available to them for investment.
The majority of these firms are based in the UK, with 469 firms headquartered in the region, having raised approximately €273bn over the past decade. The second largest number of private equity firms is located in Germany, with 208 firms having raised €25bn over the past ten years. This is closely followed in number by French private equity firms, which have raised a significantly larger amount of capital, with €68bn raised over the past decade, making it the second largest country in Western Europe by total capital raised. The UK, Germany and France have approximately €68bn, €10bn and €17bn in dry powder available for investment.
The five largest private equity fund managers headquartered in Western Europe by total capital raised over the past ten years are CVC Capital Partners, Apax Partners, AXA Private Equity, Permira and Partners Group. These firms have collectively raised €99bn over the past ten years, accounting for roughly 23% of total capital raised by all Western European private equity firms over the past decade. These five firms have an aggregate estimated dry powder of €25bn available, with three of these top five firms located in the UK, one located in France and one in Switzerland.
CVC Capital Partners is headquartered in London, with additional offices located throughout Europe, North America and Asia. The firm raises both Europe-focused and Asia-focused buyout funds, with a diversified industry sector focus. CVC Capital Partners has raised over €25bn over the past ten years, and has an estimated dry powder of €6bn available for investment.
Apax Partners is also headquartered in London, with additional offices located across the globe. The firm’s main investment strategy is buyout, but it has also raised venture capital and balanced funds in the past. It has an estimated €6bn available in dry powder, and has raised approximately €22bn over the last decade.