Firm seeks as much as €1.95bn for Freya XII and is raising the vehicle without a placement agent, PEI understands.
The buyout giant, which celebrates its 25th anniversary in Europe this week, remains bullish on the region amid increasing spending on defence and tech.
The firm's new vehicle will target European LPs and invest in European SMEs amid rising appetite for defence-related assets, partners Peter Ryttergaard and Lasse Lynge tell PEI.
Since its inception in 2018, Capital Constellation has deployed more than $2bn to minority investments in 19 emerging managers.
With its latest flagship launched in late April, Motilal Oswal Alternates plans to hold a first close next month, Private Equity International has learned.
China buyouts cannot rely on the same cost-cutting measures or buy-and-build strategies as those in the US, according to CDH managing partner Max Hui.
Managers are focusing on optimising their exit readiness and getting the equity story right as tariffs add more complexity to sales processes, according to panellists at PEI’s Operating Partners Forum Europe.
Tariff uncertainty may cause some GPs to exit 'at a much lower price', managing partner and CEO Eric Deram tells PEI.
One year on from PEI’s report, tax investigations and ambiguity on the application of the law in Germany’s largest state remain unresolved.
Japan is benefitting as some investors shift focus away from Chinese private equity, partner Naofumi Nishi tells PEI.