Core Equity raises €1bn

New firm closes one of the largest ever debut buyout funds in Europe.

Core Equity Holdings has held a final close for its debut fund at €1 billion, surpassing its target of €750 million. The fund will invest between €200 million to €500 million in industrials, consumer, retail and business services across Europe. A key feature of the fund is that it will move away from the traditional private equity model and will look to hold companies for a decade or longer. It is one of the largest first-time buyout funds ever raised in Europe.

The fund’s investor base consisted primarily of university endowments, foundations and large family offices.

No placement agent was used for Core Equity Holding’s maiden fund.