Carlyle Europe Partners Fundraising & Outlook for Investment Professionals
Hi everyone,
Just wondering if anyone has any updates on the fundraising for Carlyle Europe Partners VI. We know about the strong €3 billion haul for the European Technology Fund, but the $15 billion raise for the flagship fund (against a $22 billion target) and at least 30% cut for the Asian fund haven't been encouraging signals.
The last I saw on Europe Partners VI was a Bloomberg article from early 2022 mentioning a €7.5 billion target and whispers of mid-double teens IRR for the latest European fund, lagging peers at 20%+ IRRs.
Additionally, curious on what the cost-cutting measures and lower fundraisings will mean for compensation package and career progression for associates and directors, especially in the European offices considering the considerable regional headcount distribution vs. more centralized funds.
Appreciate any insights!
Clearly not in a great place. Are you asking for people who are there or for people who are recruiting for a job…?
People recruiting for a new job albeit both perspectives would of course be useful.
If you land it and nothing else obviously take it. If you land anything MM or better then maybe reconsider
Thanks, appreciate the advise. For further context, whereas I have another offer from a large fund, Carlyle's proposal has some non-financial elements (that I prefer not to disclose) that make me consider it. To better understand their current standing (and how bad the situation is in there, acknowledging that it is not great), I'd be grateful for any information on their fundraising progress for their latest European fund. Any indication of their progress since having reached €1B, €3B, or €5B (out of €7.5B) at this stage would be incredibly valuable.
Carlyle Europe is not in a good place…would look elsewhere
Op what’s your background? Do you speak European languages etc?
Yes, I do
I mean "European Monkey" is pretty indicative that he does
OP mind sharing what comp your offers are at? And I'm assuming they are ASO 1 roles?
Apologies if I wasn't clear before. Comp isn't the critical aspect here, and as you know, there are other threads that delve into comp more specifically for large funds but for reference we are talking about €200-300K annual comp (base+bonus)
Believe you have an offer for their Munich team? Quite high turnover in the last years, heavy focus on industrials / traditional industries so not everyone's cup of tea. Pair that with the fundraising issues....
Does anyone have more info on the Carlyle European Tech fund? The fund continues to expand on the back of strong fundraising, so I am curious on the latest regarding culture, comp, deal flow, larger Carlyle issues and their impact etc
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