Managers

Chart of the week: Mega-funds lead UK-based fundraising

 Vehicles of more than $1bn make up the majority of capital raised by the country’s managers.

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OpCapital, which is headquartered in the UK, held a first and final close on its second fund this week at €350m.

But it is larger funds, those over $1 billion in size, that have accounted for at least 50 percent of total capital raised by UK-based fund managers since 2010. In 2013, those vehicles raised an impressive 80 percent of the whole year’s capital.

 At this point in 2016, fundraising trails 2015, but UK-based mega-funds in market suggest the year will end with a large proportion of capital raised by these vehicles. Examples include BC European Capital X and Apax IX, each of which is targeting almost $8 billion.