Despite a slowdown in European PE fundraising in Q4 2023, the Benelux market shines, notably with CVC’s influential fund. In 2023, Benelux-based PE managers raised €50.0bn, a remarkable increase from 2022.

Meanwhile, what challenges has the rest of Europe faced? What do the three pivotal 2023 trends, concentration on large funds, renewed interest in credit vehicles, and the emergence of larger secondary funds, mean for the market? And what are the opportunities in both primary and secondary buyout strategies? Our fourth quarterly European Private Equity Fundraising report predicts a positive outlook for 2024, while acknowledging potential geopolitical uncertainties.

The report is compiled using Pitchbook data, supplemented with market commentary from the August team.