Members

Login to access your exclusive member-only content and account information.

Login

Not a member? Join us

  • Operate to the highest level of professional standards
  • Access authoritative industry research and data
  • Navigate the complex EU regulatory environment
  • Network and engage with industry leaders
Research

Fundraising data analysis

Share

2021 Key Findings

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

 

Total Fundraising

Total fundraising in Europe during 2021 reached €118bn, 7% above 2020’s figure and the highest level ever recorded. A record number of 841 funds raised capital during the year, the highest number of funds recorded ever. This number is 33% above the average number of funds raising capital over the previous five years.

Investors

Funds of funds & other asset managers provided 23% of funds raised, followed by pension funds (20%), and family offices & private individuals (15%). Capital from France & Benelux accounted for the highest proportion of fundraising (31%), followed by North America (19%). In total, 32% was committed by investors from outside Europe.

314 funds reached their final closing during 2021, raising a total amount of €97bn since inception. This is the highest number of funds reaching a final closing in any year ever recorded. The 17 funds raising more than €1bn on final closing represented more than 50% of the total amount raised.

Venture

Venture fundraising saw a record year in 2021, with €18bn raised during the year. This amount is 14% above the €16bn seen in 2020. Funds focusing on all stages of Venture continued to raise the largest share (50%), whilst there was a strong increase in amounts raised by early-stage funds from the year before (34%). A record number of 350 venture funds raised capital in 2021 – 98 of them were first-time funds. The top three sources of funds were family offices & private individuals (20%), corporate investors (18%), and government agencies (18%). The France & Benelux region continued to be the principal source of capital, with 37% of funds committed coming from the region.

Buyout

Buyout fundraising reached €71bn in 2021, level with the average for the previous five years. 181 buyout funds raised capital in 2021, which is the highest number of funds raising in any year. Pension funds provided the most capital (27%), followed by Funds of funds & other asset managers (26%), and family offices & private individuals (11%). Capital from North America was the most important source (25%), followed by France & Benelux (20%) and Asia & Australia (17%).

Growth capital

Growth fundraising reached the highest level ever recorded (€20bn) during the year, a 10% increase compared to 2020. A record number of 195 growth funds raised capital in 2021. Funds of funds & other asset managers provided the most capital for the year (20%), followed by family offices & private individuals (18%), and pension funds (18%).

2021 fundraising at a glance

2021 All private equity Venture Capital(1) Buyout(1) Growth(1)
Incremental - Amounts raised €118bn €18bn €71bn €20bn
Incremental - No. of funds 841 350 181 195
Final closings - Cumulative amount since inception €97bn €14bn €65bn €13bn
Final closings - No. of funds 314 132 86 66

Source: Invest Europe/EDC

Note: (1) relates to fund focus

In this section
Meet the team

Research

Julien Krantz Image

Julien Krantz

Research

Research Director

Sofian Giuroiu Image

Sofian Giuroiu

Research

Research Officer

Daniel Irwin-Brown Image

Daniel Irwin-Brown

Research

Research Manager

Lucrezia Lo Sordo Image

Lucrezia Lo Sordo

Research

Researcher

Share

What can I do to manage cookies stored on my computer or phone?

You can accept or refuse cookies. Accepting cookies is usually the best way to make sure you get the best from a website.

Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.

Help on how to set and customise your cookie settings for your browser

How to manage cookies in Internet Explorer

Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.

How to manage cookies in Firefox

Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.

How to manage cookies in Chrome

Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.

How to manage cookies in Opera 

You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies

How to manage cookies in Safari

Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.

To manage cookies on your mobile phone please consult your manual or handbook.

Get more help about how cookies work with specific browsers.

What happens if I don't accept cookies?

If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.

What happens if I delete my cookies?

If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.

What happens if I change computers or mobile?

If you use a different device, computer profile or browser you will have to tell us your preferences again.

If you'd like to learn more about cookies in general and how to manage them, visit aboutcookies.org.

We can't be responsible for the content of external websites.

Opt-out of cookies

Login

Join today

This is for members only. To view in full login or join Invest Europe today.