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Laxman Pai, Opalesque Asia: The private equity investment in Europe has hit a new record, increasing 7% year-over-year to reach €80.6bn ($90.22bn), said a report.
Private equity funds invested in over 7,800 companies, also a new record, with 86% of the total made up by small and medium-sized enterprises, said a report by Invest Europe, the association that aims to represent European private equity and VC with over 1,400 member firms.
The total fundraising in 2018 into Europe-focused strategies reached €97.3bn ($111bn), up 0.7% from 2017 and the highest total since the financial crisis.
The number of funds raising new capital dropped by 5% to 581.
Investors from outside Europe contributed 46% of total fundraising, according to the report.
Pension funds remained the largest investor group
Pension funds provided 31% of all capital raised, followed by funds of funds & other asset managers (18%), family offices & private individuals (11%), insurance companies (11%) and sovereign wealth funds (9%). Institutional investors from outside of Europe contributed 46%, led by North America (25%) and Asia (15%).
Buyout fundraising decreased by 8% to €66.5bn. A total of 55% came from investors from outside of Europe. North America accounted for 28%, followed by Asian LPs on 19%, the region's highest ever contribution.
Venture fundraising increased by 11% to €11.4bn. Government agencies committed 18% of the total, their lowest proportion in ten years...................... To view our full article Click here
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