Western Europe

Portfolio companies increasingly want to 'work with the best of the best', according to research from consultancy firm Nepean.

The UK government is seeking to launch a cadre of mega-funds that could unlock tens of billions for private markets. Plus: ICG says strong deployment is driving its fundraise; and Lexington wants at least $1 billion for its GP-led fund. Here's today's brief, for our valued subscribers only.

Markets of interest include the UK, DACH and the Nordics, Allen Waldrop, deputy CIO for private markets, tells PEI.

The introduction of pooling has given UK Local Government Pension Schemes access to the largest private markets impact funds.

High net-worth investors have been backing secondaries funds at 'astonishing' rates

From limited partners to continuation vehicles, the borrower cohort for NAV finance is widening.

Regulators in the US and Europe have different priorities when it comes to NAV loans and subscription lines

While the dealmaking climate may have been a little cool for the tech sector in recent years, regulators have been upping the heat on the market and a swathe of new rules look set to impact new transactions.

Determining how profit sharing will qualify for carried interest tax treatment in the UK from 2026 will be a complex matter.

The industry has reached a compromise on carried interest, with a tax rate of 32% commencing from April 2025.