Fundraising: Germany's drawing power

In 2010, unquote" recorded four fund closes, raising a collective €775m. Last year, this was up to six vehicles and €1.6bn in commitments, thanks notably to DBAG, which closed its sixth fund at its €700m hard-cap in august. The first seven months of 2013 have already seen these achievements comfortably surpassed, with nine German funds raising a total of €5.25bn.

This last figure is, however, skewed by Triton's latest effort: although the GP is understood to be in the final stages of the closing, it is thought to have raised €3.3bn for Triton Fund IV, setting a record for a Germany-based player.

Meanwhile, Quadriga closed its fourth fund on €529.1m in February. Quadriga Capital Private Equity Fund IV started fundraising in early 2011 and started making investments in January 2012. By the time the fund closed, it had already made three investments, which used up a third of the total capital raised.

Still in February, but on the secondaries side this time, Deutsche Bank closed DB Secondary Opportunities Fund II on $614m, above its $500m target. The fund was launched in November 2010 and raised by the bank's DB Private Equity/Private Markets unit, which is part of the asset & wealth management division.

This article is an extract from the latest unquote" Germany Report - download the report in full for more in-depth statistical analysis of the German private equity market.

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