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.

2017 Key Findings

  • Total fundraising in 2017 reached €91.9bn, Europe’s highest level since 2006 and a 12% increase year-on-year. The number of funds raising new capital increased by 15% to 542.
  • Pension funds provided 29% of all capital raised, followed by funds of funds (20%), family offices & private individuals (15%), sovereign wealth funds (9%) and insurance companies (8%). Institutional investors from outside Europe contributed more than 40%, with investors from Asia making their highest contribution to date with a 15% share.
  • Buyout fundraising increased by 5% to €65.1bn. More than 70% of this amount was raised by funds of more than €1bn. Pension funds remained the largest institutional investor in European buyout funds contributing 37%, followed by funds of funds & other asset managers (21%), family offices & private individuals (12%), sovereign wealth funds (12%), insurance companies (5%). Investors from outside Europe contributed more than half of the total buyout fundraising, with those from North America representing a third of the capital raised.
  • Venture capital fundraising reached €7.7bn, only slightly below 2016’s record year, when €8.2bn was raised. These two years of VC fundraising are markedly higher on average than the previous four years. For the first time, venture funds raised on average almost €100 million at final closing — almost double the average of ten years ago. Fifteen of the 50 venture funds that raised capital reached more than €100m at final close, raising 80% of the total amount. Government agencies contributed 29% to the total VC fundraising amount, followed by family offices and private individuals (23%), funds of funds & other asset managers (18%) and corporate investors (8%).
  • Growth capital saw a 41% year-on-year increase to €6.8bn — the highest level since 2011. The strategies of these funds range from scaling up venture capital-backed companies, to making minority equity investments in mature SMEs or pursuing regional development policies with the backing of banks or public institutions.

Incremental amounts raised during 2017

2017 fundraising at a glance

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