Hi all, looking to move from US to Europe and am considering the Nordics / Dach / Benelux regions.
I would love to hear opinions / perspectives on top performing funds and culture
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Based on the most helpful WSO content, here are some insights into top-performing funds and their cultures in Europe, particularly focusing on the Nordics, DACH, and Benelux regions:
Top Performing Funds in Europe:
Tier 1/MFs:
Tier 1.5/MFs:
Tier 2:
Culture Insights:
Additional Insights:
Considerations:
These insights should help you get a clearer picture of the top-performing funds and their cultures in the Nordics, DACH, and Benelux regions. If you need more specific details or have other questions, feel free to ask!
Sources: PE Ranking - Europe, Non US/Europe IB/PE Overview, PE Funds in Europe / Recommendations / Associate Level, Best European RE funds (UK + Continental) + Background, Top groups at BOFA London
Waterland is widely known to be one of (if not the single) top firm in the region/europe on a performance basis. They have so many deals over 4x that they charge super-carry, and then a super-super-carry tier for the real homeruns and are still able to fundraise as they wish
We have previously worked with EQT and Nordic Capital in Sweden, good experience so far. Capable people in a beautiful country.
CVC strong across all three regions, but almost exclusively large cap
EQT/Nordic/Altor are good in the Nordics
Triton strong both in the Nordics and DACH
Thanks - how about local funds? Any strong ones?
In the Nordics, strong local funds with good deal flow atm are (apart from the ones alr mentioned): Adelis (MM), Verdane (tech), Fidelio (LMM/MM), Summa and Trill (MM and impact), Impilo (healthcare), Procuritas (LMM), Norvestor (LMM/MM), Investor/Patricia (MM/UMM)
Thanks for the insight, what's your view of say Altor vs FSN vs Summa (for background speak English and German if it makes any difference)
Any info on Trill? Have seen some departures recently
Cinven strong in DACH
What's your take on Altor and FSN in the Nordics? Thanks
Bregal (MM) in DACH / North Italy
Someone said triton. As a LP, last two funds were disappointing and their head of IR disappoints.
Were you able to find information on pay within these countries? Obviously, high taxes, but that's good for healthcare and education for the family. What is the work-life balance?
Salaries in Sweden are public and is the center for PE in the Nordics, you can look up pretty much anyone you want. I’d recommend ratsit, costs like 10 usd per month
Expect MUCH lower comp. EUR 250k or less below partner level (gross, 40%ish income tax). W/L much better. At least 25 days of holiday + 5+ national holidays. Less travel, work from home 1 or 2 days a week.
When talking about comp you also need to take much lower COL into consideration when comparing to US/UK.
I mean the cost of living of Stockholm is not that much lower…
Verdane just raised a €2bn fund
Monterro too
Hg is very strong, Main Capital is strong in software and quickly growing in size and locations. Carlyle's European Technology fund performs also really well.
Any insights into Carlyle European tech in terms of returns, comp, culture?
In Europe, there is Waterland and then there is everybody else... From what I've seen, completely unmatched performance with fees to match
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