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Laxman Pai, Opalesque Asia: New data from Pitchbook says that 2019 was a record year for European Private Equity fundraising, with €86.4 billion raised across 89 vehicles.
Nearly three-quarters of total capital was raised in just two regions: the UK & Ireland and France & Benelux.
The UK & Ireland accounted for €45.8 billion in capital raised across 34 funds, marking year-over-year increases of 46.0% and 9.7%, respectively, said PitchBook in its '4Q 2019 European PE Breakdown'.
The French & Benelux region raised €17.7 billion, a new annual record and more than double 2018's total of €8.4 billion.
Mega-fund closures remained static with just five vehicles closing at or above €5 billion in 2019, marking an 18.4% increase from 2018. Chief among the 2019 roster was Permira's seventh €11.0 billion buyout fund.
The majority of European PE capital raised continue to be driven by buyout funds, which have raised €74.3 billion across 61 funds in 2019, reflecting year-over-year increases of 25.7% and 5.2% respectively.
The potential for lower valuations, less competition and a larger and differentiated pool of targets contributed to a raise of €12.0 billion across 27 growth equity vehicles, up from €4.4. billion across 16 funds in 2018.
European PE deal activity remains robust, totaling €453.5 billion across 3,867 deals
European PE deal activity totaled €453.5 billion across 3,867 deals, falling just shy of 2018's record totals fo...................... To view our full article Click here
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