Fundraising activity up by 80% in 2011

Amy King
10 May 2012

Tweet
Facebook
LinkedIn
Google plus
Send to

European private equity and venture capital fundraising increased by 80% in 2011, according to recent figures released by EVCA.

European GPs raised €39.8bn according to EVCA, the highest yearly figure recorded since 2008. Venture capital funds witnessed a 50% growth, while buyout and growth capital players doubled their fundraising activity compared to the previous year's figures.

Government agencies, private individuals and corporate investors were the main contributors to venture capital funds, while buyout and growth funds were bolstered by capital commitments primarily from pension funds, banks and funds-of-funds.

GPs in the UK, Nordics, France and Benelux manage more than 83% of the funds raised in 2011.

"An 80% leap in fundraising [compared to 2010] demonstrates that investors – from pension funds to charities – are increasingly turning to private equity and venture capital to deliver long-term, sustainable returns in a climate of uncertainty in Europe," said Karsten Langer, chairman of EVCA.