Videos
•
The most comprehensive analysis of the European private equity industry’s growth in assets over the past decade, as well as available capital for future investment.
The seventh annual edition of the report demonstrates strong and sustainable growth in the European private equity and venture capital industry over the last 10 years, as well as record reserves of capital available to back businesses at all stages of their development, from innovative start-ups and scale-ups to mature market leaders.
0:00 Positioned for the challenge. Capital under management and dry powder 2025. Capital under management at a new high.
0:08 European capital under management reached a record 1.37 trillion euros in 2025.
0:15 2.7 times larger than a decade ago.
0:19 Growth across all segments. The buyout industry accounted for 63% of total capital under management,
0:26 including 557 billion of portfolio assets. Venture capital under management totaled 189 billion with a growth capital of 181 billion.
0:39 Dry powder at €459 billion.
0:43 Dry powder reached an all-time high of €459 billion in 2025, equivalent to 93% of capital
0:51 invested over the past four years. Buyout dry powder reached €307 billion while venture capital dry powder hit 66 billion.
1:01 Long-term investors stay committed. Pension funds hold 23% of dry powder. UK and Ireland is the largest
1:09 region with 53% of portfolio at cost and 46% of dry powder.
1:15 Supporting Europe's future private capital ready to fund Europe's green and digital transitions.
1:21 Also driving critical infrastructure security and sovereignty.
MEMBER ONLY
Positioned for the Challenge: Capital Under Management & Dry Powder 2024
Data and insight
24 Jul 2025
European private capital under management rises to new high of €1.25tn in 2024; 2.6x growth over last decade
Press releases
24 Jul 2025
MEMBER ONLY
Positioned for the Challenge: Capital Under Management & Dry Powder 2023
Data and insight
25 Jul 2024
MEMBER ONLY
Positioned for the Challenge: Capital Under Management & Dry Powder 2022
Data and insight
21 Sep 2023
MEMBER ONLY
Positioned for the Challenge: Capital Under Management & Dry Powder 2021
Data and insight
08 Sep 2022
MEMBER ONLY
Positioned for the Challenge: Capital Under Management & Dry Powder 2020
Data and insight
27 Jan 2022
Record capital under management for European private equity, venture capital industry in 2022: exceeds €1 trillion
Press releases
21 Sep 2023
Despite looming economic uncertainty, European private equity capital under management peaks in 2021 at €846bn
Press releases
08 Sep 2022
MEMBER ONLY
Private Capital Insights 2023
External resources
28 Feb 2024