Europe

The London-based manager, which did not have a placement agent for its latest fundraise, gathered about $850m for its second offering.

The joint venture includes airline group KLM's pension fund, the Dutch railways retirement scheme and Achmea.

Professor Florin Vasvari offers his thoughts on fees, investments in technology and the growth of private credit in Europe.

Add-on acquisitions dropped almost 15% in the first half of the year, according to a report by Silverfleet Capital Partners.

Europe-focused buyout strategies were the bright spot in the first half of 2018, according to PEI’s H1 fundraising data. View the report for H1 figures broken down by strategy, sector, fund size and region.

The firm raised $4.25bn for TowerBrook V and $1.05bn for TowerBrook Structured Opportunities.

The sector may be entering a new phase, while secondaries buyers are keeping a close eye on the market.