Buyout

Members of the $219bn pension's investment advisory council weighed in on the relevance and sufficiency of performance benchmarks at a June meeting.

The Nordic firm held the €2bn final close on Fund X three months after launch, raising about €500m more than its predecessor vehicle.

Emerging manager fundraising has steadily declined since the peak year of 2021, when such funds raised about $159bn, according to PEI data.

The Paris-based firm has so far raised about €1.5bn of its €5bn target for Buyout VIII.

The €601bn Dutch pension administrator is willing to pursue earlier-stage investments, including taking a more proactive stance towards European VC, global co-head of PE Greg Jania tells PEI.

Park Road was founded a year ago by managing partner Kyle Peterson, who previously worked for more than 14 years at New Mountain Capital.

Year-on-year growth is back on track after last year’s fundraising flatline, though the nature of this growth has shifted.

This year’s PEI 300 ranking welcomes 35 new firms, with some old names struggling to maintain their historic highs.

The number of regional firms continued to slide in the latest ranking, albeit at a slower rate than in prior years.

Mega-funds, market bifurcation and a resurgent investor base are reshaping the continent’s private equity landscape.