European Private Markets in 2025

In our annual review of the European private capital market, we examine fundraising and deal-making trends as they relate to investors and funds

• Total private equity raised across the continent hit a new high in 2024, with 2025 on pace to reach a new peak

• Our survey data shows global investors are turning to Europe as lower interest rates and a closing performance gap with North America come into focus

• With rising foreign interest, cross-border transactions now represent over half of the total private equity deal market

• Core-plus infrastructure has helped the asset class generate a higher annualized return over the last 10 years than North America