European PE funds raise €52.4bn in H1 2021 as insurers target improved returns

Written by Adam Cadle

19/11/2021

European private equity funds raised €52.4bn in H1 2021, according to Invest Europe, as long-term investors, such as insurers and pension funds, continued to target private equity in search of better returns for European savers.

A record 365 funds completed fundraising during the first six months of the year, an all-time high for any H1 period.

Eric de Montgolfier, CEO of Invest Europe, commented: “Record investment levels and increased confidence in the outlook indicate that European private equity has adapted to the challenges of COVID-19 and is moving past the pandemic.

“At the same time, private equity is evolving as managers and investors focus even more attention on ESG, diversity and inclusion. This is an industry that recognises its role as a cornerstone of the European economy and wants to be at the forefront of the recovery, as well as the trends that matter to society.”

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