Western Europe

The firm’s exit activity slumped around 45% in 2023 as IPO window remained largely shut.

More than half of distributors seek vehicles with a minimum investment under €100,000 and plan to commit more capital to debt and secondaries, according to a report from Reach Capital.

Vidia Equity comprises a team of industrial mittelstand private equity specialists looking for 'hidden climate champions' in German-speaking Europe and the Nordics.

The firm recorded its best year for separately managed accounts fundraising last year, with $8.3bn raised.

The acquisition lays the foundation for a one-stop shop for clients of both organisations, Andy Lund and Matt Swain tell PEI.

EQT Healthcare Growth will back businesses that have de-risked from a scientific point of view and are at a pivotal stage of development, EQT's healthcare co-head tells PEI.

Market participants give their predictions for the secondaries market, noting that the amount of dry powder available will limit activity and leave buyers able to cherry-pick transactions.

In 2023, continuation funds spread to geographic markets anew and niche strategies such as impact funds, while increasingly involving complex situations and assets.

With interest rates showing no signs of coming down, PE firms are finding ways to work around the new normal.

AI-powered private equity was all the rage in 2023. Market sources expect to see increased adoption and new approaches to the technology over the coming year.