Fundraising

Some private equity funds are beginning to close under target as the battle for LP allocations takes its toll.

The region’s managers amassed $139bn more in this year’s ranking than the prior period – an all-time high for Europe.

The top 10 firms in this year’s PEI 300 have employed different strategies for targeting the private wealth channel.

LPs consider a vast number of metrics, including transparency, exposure and co-investment opportunities, before determining whether a fundraise was successful.

The firm still expects its flagship funds in market to grow compared with their predecessors, according to chief financial officer Jack Weingart.

Despite the tough fundraising landscape, Apollo aims to surpass the $130bn it gathered over 2022 this year.

The buyout giant’s new chief executive plans to instil more discipline around operations, noting 'we are not going to rush', according to the firm's Q1 earnings call.

The number of vehicles to wrap up fundraising during the first quarter suggests total funds to close this year could fall by half, according to PEI data.

LinkedIn has become a crucial component of the fundraising process as LPs scrutinise social media in a bid to support decision-making.

40 under 40: Future Leaders of Private Equity. Meet the 'new guard' of fundraisers, who are busy building LP relationships and raising capital across investor profiles and geographies.