Large [€1B+]
British Patient Capital commits $50.8m to Evolution Technology Fund III
Evolution Equity Partners has raised $1.1bn for its latest vehicle
Main Capital banks €2.44bn across two vehicles
The oversubscribed funds take the GP’s AuM to €6bn
Pemberton closes direct lending fund on €2.3bn
The firm’s strategic credit strategy was launched in 2017
IVP banks $1.6bn for 18th VC fund
The vehicle is 12% smaller than its predecessor
Fund in Focus: How Axcel closed its largest fund to date
Despite its success, Axcel VII was impacted by the market conditions and the denominator effect, managing partner Christian Schmidt-Jacobsen tells Real Deals
Inflexion raises £1.75bn for Partnership Capital Fund III
The fund’s predecessor banked £1bn in 2018
EQT beats fundraising blues with latest vehicle
EQT X has banked €22bn
Verdane closes Edda III on €1.1bn
Verdane has closed two funds above target in the last six months, amassing a total of €2.2bn
Fund in Focus: Epiris Fund III holds final close on £1.044bn
Alex Cooper-Evans, partner, tells Real Deals the fund had strong re-ups from existing LPs
Arcmont raises €10bn for direct lending fund
Direct Lending Fund IV has already committed close to 55% of its capital
Altor closes sixth fund on €3bn
The Article 8 fund is the largest ever raised by the GP
Committed Advisors reaps €2.6bn for fifth secondary fund
The vehicle is 65% larger than its predecessor fund
Fund in Focus: How Cinven banked $14.5bn for Fund 8
Real Deals catches up with Alexandra Hess, partner and head of investor relations, to discuss how the GP overcame a difficult macro environment to reach the fund’s hard-cap
Lexington Partners raises $22.7bn for secondary fund LCP X
The latest vintage significantly exceeded its predecessor
Cinven closes flagship fund at $14.5bn
Fund 8 is nearly 30% larger than its predecessor
Ara Partners closes third vintage on $2.8bn
The oversubscribed private equity fund closed on its hard-cap
Pantheon closes secondaries fund PGSF VII on $3.25bn
The fund exceeded its initial target of $2bn
PAI Partners raises €7.1bn for eighth fund
PAI VIII is about 40% larger than its predecessor
PSG holds final close of sophomore European fund on €2.6bn+
PSG Europe II is double its predecessor fund which closed in January 2021
Eurazeo raises €2.3bn to invest in mid to large buyouts
The investment group has held the first close of its Capital V fund
Fund in Focus: Norvestor IX closes on €1.5bn hard-cap
Head of investor relations Rebecca Farr tells Real Deals that the Nordic PE firm was on the road for almost a year
Fund in Focus: Appian closes Fund III at $2bn
Mining and metals industries are playing a critical role towards net-zero transition, Appian’s CEO Scherb tells Real Deals
Warburg Pincus closes latest flagship fund on $17.3bn
The GP has been on the road since 2021
Brookfield amasses $12bn for latest private equity fund
BCP VI is $3bn larger than its predecessor BCP V
Exclusive: Metric Capital Partners confirms first close for fifth fund
The firm intends to hold a second close within the first quarter of 2024
Keensight banks €2.8bn to invest in European tech and healthcare
The GP will seek growth buyouts in companies generating revenues of €10-400m
Adagia Partners amasses €1.1bn for debut fund
The vehicle is already 50% invested
Verdane’s Capital XI hits €1.1bn hard-cap
The vehicle received support from new and existing investors, with a re-up rate of more than 100%
Blackstone holds final close of Tactical Opportunities Fund IV on $5.2bn
The alternative asset manager said the platform was created to “shine” in periods of dislocation
Hayfin exceeds €6bn target for fourth direct lending fund
The fundraise represents the investment firm’s largest capital raise to date
Whitehorse closes fifth flagship fund at $5.3bn
The fundraise exceeds its target of $5bn, and secured 85% of re-ups from predecessor
Glendower Capital amasses $5.8bn for secondaries fund
SOF V is the first fund closed since Glendower completed a merger with CVC in January 2022
Astorg raises €4bn for eighth flagship fund
Astorg has a total of €21bn in assets under management
Bridgepoint amasses €3.4bn for third direct lending fund
The Luxembourg-domiciled vehicle held a first close on €1.2bn in November 2021
CVC closes Fund IX on €26bn
The fund is reported to be the largest in private equity history
Fund in Focus: Adams Street gets 50% commitments increase for new secondaries vehicle
Jeffrey Akers, partner and head of secondary investments, tells Real Deals that tailwinds in the secondaries market have driven LP interest towards its global secondaries programme.
TA Associates hits $16.5bn hard-cap for 15th flagship fund
The new fund was “significantly oversubscribed” and exceeded its initial target size.
Fund in Focus: Sweden’s Fidelio’s €1.1bn third vehicle to target ‘niche’ markets
Fidelio III started raising capital in 2022, held a first close in August and a final close in May this year, founder and CEO Gabriel Fitzgerald told Real Deals.
Just Climate closes inaugural fund on $1.5bn
Climate Assets Fund I will seek to invest in global growth-stage, asset-heavy companies that can “radically” reduce or remove emissions.
Archimed surpasses target to raise €3.5bn for fifth multi-asset fund
MED Platform II is targeting 14 trans-Atlantic investments – exactly twice the number its predecessor backed. The final closing includes main fund commitments of €3bn, while the remainder will be committed to co-investments as part of a side vehicle.
Adams Street closes Global Secondary Fund 7 on $3.2bn
The latest programme is 50% larger than the firm’s previous fundraise of Global Secondary Fund 6 in 2019.
Fund in Focus: Infravia seeks €2bn to support energy transition
Having received approval for a €500m commitment from the French government, Infravia plans a first close in December this year for its critical metals-focused fund, founder and CEO Vincent Levita told Real Deals.
Axa Venture Partners launches €1.5bn late-growth fund
First close expected in Q1 2024 and final close expected in 2025.
One Equity Partners closes $1bn continuation fund
Co-led by HarbourVest Partners and AlpInvest Partners, the fund generates liquidity and returns for existing investors in two assets: USCO and DWK Life Sciences.
Pictet Alternative Advisors raises $2.5bn across two private equity funds
Pictet has raised a collective $2.5bn, with its flagship Monte Rosa Fund VI closed at $1.6bn and Monte Rosa Co-Investment V at $900m.
Fund in Focus: Investindustrial closes third lower mid-market fund on €1.1bn
Investindustrial Growth III spent 12 months on the road and is aiming for 10 investments during the course of the fund, the GP’s senior principal Carl Nauckhoff told Real Deals.
Fund in Focus: Forbion amasses €1.35bn across two vehicles
The healthcare sector is less cyclical compared to others, providing the necessary consistency in returns, managing partner Sander Slootweg told Real Deals.
Fund in Focus: Pantheon bets big on co-investments with its latest haul
The investment firm’s global head of private equity, Jeff Miller, sits down with Real Deals to outline how it plans to deploy its recently closed $2.4bn fund.
Pantheon collects $2.4bn for fifth private equity co-investment fund
Co-investment capital sees LPs making direct investments alongside private equity firms and is an avenue many market participants are turning to, as traditional fundraising becomes tougher.
KKR holds final close of European Fund VI on $8bn
KKR will be making its own commitment to the fund, investing over $1bn alongside investors from the firm’s balance sheet and employee commitments.
Arrow Global exceeds target to reach hard-cap of €2.75bn on new fund
The vehicle has already started deploying capital into “attractive, risk-adjusted return opportunities”, Charlotte Gilbert, MD, client and product solutions, told Real Deals.
Paragon Partners raises €1.2bn for Paragon Fund IV
The capital commitments represent a 50% increase from its predecessor fund, Paragon Fund III, which closed on €783m in 2019.
Permira exceeds target to close latest fund on €16.7bn
The vehicle had a re-up rate of 90% and welcomed more than 50 new investors.
Summit Partners closes fourth European growth equity fund on €1.4bn
Summit Partners Europe Growth Equity Fund IV will target minority and majority equity investments between €20m and €80m in Europe-based companies.
Oakley Capital beats target to raise €2.85bn for fifth fund
Amid a tight fundraising environment, Oakley Capital V hit its target in just over six months and welcomed 25 new institutional investors from North America and EMEA.
Highland Europe raises €1bn to back software and internet companies
A subsidiary of US-based venture capital firm Highland Capital Partners, Highland Europe has raised a total of €2.75bn to date.
Waterland completes €4bn dual fundraise
WPEF IX, Waterland's ninth institutional flagship fund, closed on €3.5bn, while WPF I closed on €500m, bringing the firm's current AUM to over €14bn.
Hamilton Lane closes direct equity fund on $2.1bn
Hamilton Lane’s Equity Opportunities Fund V will provide co-investment capital for investors seeking diversified exposure to differentiated deals, through an efficient fee structure.
General Atlantic closes maiden BeyondNetZero fund
General Atlantic has closed its inaugural climate solutions fund, BeyondNetZero, which launched in July last year.
Ardian in €2.1bn secondaries deal with Mubadala
The secondaries and staple deal is not the first between the two organisations, with a similar €2.5bn transaction inked back in 2017.
London’s One Peak closes third fund on $1bn
The vehicle was on the road for seven months, having launched towards the end of February this year and held a first close in April.
Bridgepoint Europe VII on track for final close in H1 2023
Bridgepoint expects to hold a second close for Bridgepoint Europe VII in Q1 next year, according to its latest trading statement.
Ardian raises €5bn for fifth-generation private credit fund
Ardian’s latest fund raises €2bn more than its predecessor fund, which closed on €3bn in 2020.
EQT Ventures closes third VC fund on €1.1bn
The Stockholm-based VC firm told Real Deals its third fund was “raised and closed relatively quickly”, and is an indication of investors' appetite for early-stage assets in a challenging economic environment.
Fund in Focus: Nordic Capital €9bn fund 45% larger than predecessor
Real Deals caught up with Nordic Capital following its highly anticipated €9bn close of its eleventh fund. The fund raised in nine months and is 45% larger than its predecessor.
Nordic Capital closes Fund XI at €9bn hard cap
The largest fund raised in the firm’s history is 45% larger than its predecessor. The fundraise took nine months and has already made three commitments.
Fund in Focus: THCP bullish on deployment following €1bn close
Real Deals catches up with the preferred capital provider following the €1bn close of its fourth fund, which it will seek to deploy across more regional markets over the next four years.
THCP closes fourth fund on €1bn
Three Hills Capital Partners has held a final close for its fourth Capital Solutions fund on €1bn, almost double the size of its €540m predecessor fund.
Nordic Capital to close fund XI on €9bn
Nordic Capital is due to announce a final close for its 11th fund on €9bn within days, Rede co-founder Scott Church said at the BVCA Summit today.
CD&R reaches $10bn first close for fund XII
The buyout giant is reportedly aiming to raise $20bn for its latest flagship vehicle, amid a tougher fundraising environment.
EQT closes Growth fund on €2.4bn
Firm says the vehicle is the largest first-time growth fund based in Europe
ICG closes eighth fund on €8.1bn
Europe VIII far surpasses its targeted €7bn and exceeds its hard cap, as well as representing a 90 per cent increase in capital compared to its predecessor vintage.
Ambienta closes fourth fund on €1.55bn
Ambienta IV is one of the largest private equity funds focused solely on investing in companies that enable positive environmental change.
Motive Partners closes second fund at $2.5bn
The fund will follow the same investment strategy as its predecessor, focusing on growth and buyout investments in software, investment and information services businesses in North America and Europe.
Cinven closes Strategic Financials Fund at €1.5bn
The fund will build on Cinven’s existing financial services focus and will target life and non-life insurance and reinsurance, asset-backed speciality finance, wealth management and other financial services providers.
CAPZA targets €1.3bn for flex equity fund
CAPZA Flex Equity Mid-Market II has a target size of €1.3bn, to be deployed across 10 to 15 mid-cap companies.
Q&A: Fundraising in 2022
MVision chief executive Mounir Guen, discusses how fundraising has remained buoyant despite macroeconomic headwinds, the outlook for single country mid-market managers and the importance of patience in a busy market.
Digitalisation through the lifecycle
Private equity may have been late to the party, but the asset class is now embracing digital technology from fundraising and origination through to exit.
CAPZA makes c.€1.2bn first close on private debt fund
CAPZA has made the first closing of its CAPZA 6 Private Debt fund at c.€1.2bn. The fund will finance French, German, Spanish and Benelux SMEs with EBITDA above €12m.
Advent GPE X fund hits $25bn hard cap
Advent has completed fundraising for its flagship fund, Advent International GPE X, reaching a hard cap of $25bn (€22.1bn) in commitments after less than six months in the market.
Nordic Capital sprints to €8bn close for Fund XI
Nordic Capital has reportedly raised almost €8bn for the first close of its eleventh private equity fund, Nordic Capital XI.
TPG targeting more than £18.5bn for healthcare and generalist funds
TPG is reportedly seeking to collect a combined total of $18.5bn for its second healthcare focused fund and its latest main fund. The fund drives follow the firm's Rise Climate fundraise, which hit a hard cap of $7.3bn.
Trio of firms launch new climate fund
AXA, Unilever and Tikehau Capital have come together to create a private equity impact fund focused on supporting regenerative agriculture practices, with a target size of €1bn.
Schroders wins one third of UK workforce with Nest pensions mandate
Schroders Capital has secured a significant investment from UK workplace pension scheme Nest, representing the scheme's first private equity mandate.
One Equity Partners closes eighth fund on $2.75bn
OEP VIII was raised in twelve months and exceeded the original hard cap. This is the firm’s largest independent fund to date.
KKR reaches $6.6bn first close on latest European buyout fund
In reportedly raising over $6.6bn at first close for its latest European buyout fund, the firm has topped the amount of committed capital raised for its last Europe focused vehicle.
Ufenau closes seventh fund at €1bn
Ufenau VII closed at its €1bn hard cap after fundraising for less than three months.
Inflexion raises £2.5bn for Buyout Fund VI
Inflexion has reached a final close for Buyout Fund VI at its £2.5bn hard cap, almost double the size of its predecessor.
Astorg closes first dedicated mid-cap fund at €1.3bn
Astorg Mid-Cap was launched to address European middle-market buyouts. The fund has been set up as an Article 8 fund, promoting ESG undertakings.
Apax eyes $13bn flagship fundraise
Apax Partners is reportedly considering a $13bn raise for its latest flagship fund. Most of the fund’s capital will target Europe and North America.
Coller Capital closes world’s largest credit secondary fund
Coller Capital has raised $1.4bn for its first credit secondary fund. Based on Preqin data, CCO I will be the world’s largest vehicle dedicated to private credit secondaries.
10 Influential Funds
Real Deals highlights standout funds from the publications’ early years and more recently those that have had an influence on industry trends and appetite.
Q&A 500: MVision
MVision founder and CEO Mounir Guen, looks back at private equity fundraising over the last 20 years, the impact of marco crises and technology, and future developments.
Summa Equity raises €2.3bn for third impact fund
Summa Equity has closed its third fund on €2.3bn, the largest European impact fund raised to date.
KKR closes healthcare fund at $4bn
KKR's Health Care Strategic Growth Fund II will invest in innovative healthcare companies with proven products and services.
Permira closes second growth opportunities fund at $4bn
PGO II closed with total capital commitments of $4bn. The fund is more than twice the size of its predecessor fund, Permira Growth Opportunities.
Hayfin’s Special Opportunities Fund III exceeds €2bn
Hayfin Capital Management has exceeded its €2bn target for its third Special Opportunities Fund.
MVI Advisors close second fund at SEK 1.1bn
MVI Fund II will continue to complete buyouts in small companies in Sweden and the rest of the Nordic region.
Advent International closes $4bn Advent Tech II fund
The fund is double the size of its predecessor, and exceeded its target by 33 per cent.