Private Equity in London - US MFs vs European FundsSubscribe
Hi guys! In a recent thread, a discussion regarding PEs in London came up that, imo, deserves its own thread.
How are the top European funds perceived in comparison to the US MFs that are regularly described as the pinnacle on this forum? While the top candidates still seem to go for the known US names (KKR, CG, BX...), top EU firms such as CVC, EQT are regularly outraising them when it comes to European-focused funds. E.g, the European funds of Bain, KKR and Carlyle are all around 5bn whereas CVC has raised north of 15 and a number of Europeans are targeting above 10bn right now. Are those differences less relevant given that the US firms might also use their flagship funds or why are they still perceived as superior?