trovus

 


Fundraising data

Detailed analysis

The amount of funds raised by European private equity managers, including breakdowns on stage focus, sources of funds by type of institutional investor and geographic source.

Slideshow: Fundraising at a glance

2015 Key findings

  • In 2015 total fundraising reached €47.6bn, nearly matching the level of 2014. The number of funds raised (274) reduced by 15% compared to 2014, but is still above the level of 2012 and 2013. European private equity and venture capital raised in the past three years (2013-2015) was 70% more than in the years 2010-2012.

  • Pension funds provided nearly a quarter of funds raised from institutional investors. Funds of funds contributed 18%, followed by government agencies (14%), sovereign wealth funds (13%), Family offices and private individuals (12%) and insurance companies (9%). Institutional investors outside Europe contributed 40% to the annual fundraising for Europe, matching 2014.

  • Venture capital reached with €5.3bn its highest level since 2008, following an 8% increase over the previous year. Fundraising for early-stage focused funds increased by 13% to €2.7bn, while later stage fundraising nearly tripled to €870m. Government agencies contributed 31% of the funds raised, below the levels of 2010 to 2012, in which regularly more than one third was attributed to this source. Other major sources were fund of funds (23%), corporate investors (14%) and family offices and private individuals (12%). North American institutional investors contributed 11%.

  • Buyout fundraising decreased by 7% to €33.6bn representing more than 70% of all fundraising. Pension funds remained the largest institutional investor (25%) in European buyout funds, followed by funds of funds & other asset managers (18%) and sovereign wealth funds (15%). North American institutional investors contributed more than a quarter. While the amount raised by funds above €1bn increased by 13%, the total amount raised by funds between €500m to €1bn reduced by 44%.

  • Growth funds with €2.9bn raised exceeded the 2014 level, which was previously the highest reported since 2011. The 38 growth funds raised capital mostly from government agencies and family offices & private individuals.