Western Europe

A resurgence of demand for payment in kind financing at the portfolio company level could leave these firms more vulnerable to defaults. Plus: how Fidelity will deploy its LTAF. Here's today's brief, for our valued subscribers only.

Investors froze up in wake of Liberation Day before normalising – with shifts in interests.

Blackstone is bullish on the region and believes it will benefit from geopolitical uncertainty, Steve Schwarzman and Jon Gray tell Private Equity International.

The investment bank has said it will no longer work with the tech and healthcare investor on placing its latest flagship fund, which is expected to seek at least €3bn.

The tech and healthcare investor is understood to have already raised more capital for its sophomore Spark II vehicle than its predecessor's final amount.

Industry participants from the UK’s local government pension schemes weigh in on fiduciary duty, members’ financial interest and the risk of requiring UK investment.

The tech investor is in market with three funds with a combined capital-raising target of up to $24bn.

Over one third of LPs plan to increase their commitments to secondaries over the next 12 months, according to Coller Capital's latest Global Private Capital Barometer.

Firm seeks as much as €1.95bn for Freya XII and is raising the vehicle without a placement agent, PEI understands.