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 Private equity firms continue to stockpile financial firepower for whenever the leveraged lending markets open back up. The latest fund closing came Tuesday from European buyout shop PAI Partners, which closed with €5.4 billion ($8.3 billion).
PAI plans to target European businesses in the services, capital goods and consumer goods areas. The new fund adds to the prodigious amount of money private equity players will be putting to work in Europe over the next three to five years.
Earlier this month Kohlberg Kravis Roberts & Co. reportedly finished raising its latest Europe-focused fund with roughly €6 billion, while Boston- and London-based Advent International Corp. wrapped up a €6.6 billion midmarket fund to be deployed in Europe and North America and a €1 billion Central and Eastern European fund. And in March, Bain Capital LLC closed a €3.5 billion European-focused fund. Check TheDeal.com later in the day for more details on PAI's fund. The credit markets and the state of dealmaking for buyout firms in the U.S. and Europe will be front and center at The Deal's Fifth Annual Private Capital Symposium on May 14. Featured speakers include Kenneth D. Moelis, CEO of Moelis & Co., and Tony James, president of the Blackstone Group LP, as well as panels on debt financing, sovereign wealth funds and the middle market. - George White See PAI press release See Dealscape post on KKR fund See story on Advent's midmarket fund on TheDeal.com See story on Advent's Central Europe fund on TheDeal.com See story on Bain's European fund on TheDeal.com See PE fundraising Dealwatch See more on the Private Capital Symposium Categories Deal Video
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