GPs targeting larger funds - study

Most respondents expect their next effort to be of comparable size (44%) while a small minority are anticipating a downsize (13%). The 88 UK-based senior PE professionals surveyed by Investec would appear to be fairly optimistic, at a time when many LPs and advisers are warning GPs they should not automatically expect to raise more capital with each new vehicle.

The study also confirms the industry is poised for a busy fundraising season, as eight in ten GPs are likely to hit the road over the next 12 to 24 months. That said, respondents do realise that competition will be fierce and on average believe that nearly a third of European fundraises will fail to get off the ground.

"While this research suggests there will be a tremendous amount of fundraising over the next two years, GPs acknowledge that in this harsh environment many will not be successful," notes Investec Fund Finance's Simon Hamilton. "Yet GPs remain bullish about their own firm's fund raising prospects given how many believe they will be able to raise a fund that is either the same size of larger than their existing one."

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Fundraising
• Investec