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Research

Fundraising data analysis

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2019 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 2019 reached €109bn, growth of 6% from 2018 and the highest total of the past decade. 578 funds raised capital during the year, 4% above the average of the previous five years.

Pension funds

Pension funds provided 29% of funds, followed by fund of funds & other asset managers (19%), and family offices & private individuals (13%). North America provided the most capital raised (28%), followed by France & Benelux (26%).

Buyout

Buyout fundraising increased 15% year-on-year to €79bn in 2019. Capital from outside of Europe remained an important source (55%), whilst France & Benelux were key within Europe (21%). Total fundraising for buyout funds reaching final closing hit a record €75bn.

Venture

Venture fundraising reached €15bn in 2019, 17% growth from 2018. The top three sources of funds were government agencies (20%), family offices & private individuals (19%), and corporate investors (14%). France & Benelux continued as the principle source of capital (36%).

Growth capital

Growth saw an 11% drop year-on-year to €9bn, though the figure for 2019 remained about 50% above the average for the previous five years, and the per fund amount of capital raised remained in line with recent history.

2019 fundraising at a glance

2019 All private equity Venture capital(1) Buyout(1) Growth(1)
Incremental - Amounts raised €109bn €15bn €79bn €9bn
Incremental - No. of funds 578 246 119 104
Final closings - Cumulative amount since inception €97bn €10bn €75bn €9bn
Final closings - No. of funds 229 105 74 27

Source: Invest Europe/EDC

Note: (1) relates to fund focus

In this section
Meet the team

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Julien Krantz Image

Julien Krantz

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Research Director

Daniel Irwin-Brown Image

Daniel Irwin-Brown

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Research Manager

Ariane Mortelmans Image

Ariane Mortelmans

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Senior Research Officer

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