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PEI’s Research & Analytics team has taken a look at closed
ended private buyout fundraising targeting Western Europe, following the final
close of Montagu V this week. The firm’s fifth fund reached a hard cap of €2.75
In 2014, $17.5 billion was raised from the close of 27
Western Europe-focused buyout vehicles. In 2015 to date this figure is $16.52
billion higher. Total capital raised in this year has surpassed fundraising in
any year since 2008, when aggregate capital gathered from investors reached
$37.62 billion from the close of 50 vehicles. With four months of the year still
to go, 18 funds have already collected 90 percent of the total capital raised in
Montagu V is amongst the five largest Western European buyout
vehicles to close this year - collectively gathering $22.32 billion. The $5.45
billion Bridgepoint Europe V was the largest of these. The fund closed in March
ahead of its $4.77 billion original target, having raised capital from
investors in Europe, the US, the Middle East, Asia, and Australia.
There are currently 54 Western European buyout funds in
market or coming to market, targeting $28.33 billion. Charterhouse Capital
Partners X has the highest target size at $4.09 billion. At initial close in May,
the vehicle had gathered $1.36 billion.
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