Chart of the week: Western European buyout fundraising shoots up

 Private equity buyout fundraising focused on Western Europe reaches a high of $34.02 billion in 2015 to date

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PEI’s Research & Analytics team has taken a look at closed ended private buyout fundraising targeting Western Europe, following the final close of Montagu V this week. The firm’s fifth fund reached a hard cap of €2.75 billion.

In 2014, $17.5 billion was raised from the close of 27 Western Europe-focused buyout vehicles. In 2015 to date this figure is $16.52 billion higher. Total capital raised in this year has surpassed fundraising in any year since 2008, when aggregate capital gathered from investors reached $37.62 billion from the close of 50 vehicles. With four months of the year still to go, 18 funds have already collected 90 percent of the total capital raised in 2008.

Montagu V is amongst the five largest Western European buyout vehicles to close this year – collectively gathering $22.32 billion. The $5.45 billion Bridgepoint Europe V was the largest of these. The fund closed in March ahead of its $4.77 billion original target, having raised capital from investors in Europe, the US, the Middle East, Asia, and Australia.

There are currently 54 Western European buyout funds in market or coming to market, targeting $28.33 billion. Charterhouse Capital Partners X has the highest target size at $4.09 billion. At initial close in May, the vehicle had gathered $1.36 billion.