Western Europe

Devlin, a prolific commentator and prominent lawyer in the private equity industry, has advised some of the market's biggest players on secondaries, M&A and co-investment deals.

The secondaries specialist, which spun out of Deutsche Asset Management, is at least the fifth secondaries firm to be subject to an M&A process this year.

Covid-19 catch-up and high demand for quality assets lifted carried interest to a record 39% of revenue in the first half of the year.

The GP stakes firm plans to deploy as much as $300m each year using the company’s own money, leverage and proceeds from the planned $5bn listing.

The UK government has called on its institutional investors to allocate more capital to long-term, illiquid assets as it looks to address regulatory barriers to investing in private markets.

The Nordic-focused firm, which has closed its latest vehicle above target, wants to raise capital from US and Asian investors next time around.

The hope is that the transition remains amiable and smooth, in which case the existing GP will retain economic rights.

From a London-based growth firm to DACH-focused specialists, here are five managers making waves in the market.

Px3 Partners is understood to be hitting the fundraising trail with its inaugural pan-Europe-focused fund.

The investment firm is in market with its debut growth fund focused on Europe with a €2bn target.