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PAI partners continued its exit streak, disposing of DKK 1.73bn worth of Chr Hansen shares and bringing the total amount it has returned to investors to over the past year to €3bn. The firm is widely expected to begin fundraising next year, but has remained tight-lipped on its plans.

Meanwhile, two former AtriA partners have launched a new fund manager, Atlon Capital Partners. Edouard Thomazeau and Thibaut de Chassey left AtriA earlier this year, triggering a key-man clause on the firm's third fund, which is now unable to make new investments.

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