Western Europe

Tech companies with additional strengths such as a deep grasp of end-markets are more resilient to AI disintermediation, says the Battery partner.

The €25bn retirement scheme for academics joins a growing list of European LPs exploring opportunities in the defence sector.

US managers are increasingly looking to apply their expertise in Europe as appetite for defence investment spreads in the region.

Teia Merring, who has been USS's senior investment director for private equity, joins as global head of strategic partnership solutions at the European firm, PEI has learned.

Nearly half of the private equity funds that closed in the first quarter met their fundraising targets – the highest proportion in at least five years.

In today's edition, An IR vet shares tips for navigating PE's tech crisis; UK funds receive a major pension boost; US regulators are wary of insurance exposure to private markets.

Institutional investors are voicing an interest in stepping outside the familiar fund structure to invest directly in GPs. The move could change the GP stakes market and create a new class of shareholders.

Rising consolidation in the PE industry means both more competition for attractive targets and more opportunities for exits.