Fundraising

One Bow River National Defense Fund targets private, lower mid-market companies focused on delivering data and national defense solutions to the US government.

PEI last month reported that IR head Pär Norberg was stepping down from his role and that EMEA IR managing director Lena Ulrich was to leave the firm after an extended period.

Slow private equity fundraising, which entered its fourth year in 2025, remains highly challenging for new firms, with many electing to stay out of the market until conditions improve.

EC-V will target middle and upper mid-market businesses in Europe and North America.

The firm has already deployed nearly half of Eurazeo Capital V across six investments.

This fundraising brings LoneTree’s assets under management to $308 million.

Fund 5 closed at its hard cap in a four-month fundraise.

Private equity fundraising could get a lift in 2025 from more buoyant deal activity, but a return to sustainable rates of growth are still not in view. GPs should plan accordingly for the long haul.

If sustainable fundraising growth is a couple of years out, familiar challenges of the slowdown will likely persevere.