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Private equity’s rush to raise money raises fears of European sector shake-out
私募基金掀起募资热潮引发洗牌担忧

Lofty targets for 2026 may force investors to choose between buyout firms, leaving some short of new funds to invest
雄心勃勃的募资目标可能迫使投资者在收购基金之间做出取舍,导致部分机构缺乏可用于投资的新资金。

Big private equity groups want to raise three times as much cash in Europe next year as they are likely to secure in 2025, setting up a shake-out for the sector at a time when many investors have been starved of returns.

大型私募基金集团计划在明年于欧洲募集的资金规模,将是它们在2025年可能实际到手的募资额的三倍之多;在众多投资者长期缺乏回报之际,该行业或将迎来一场洗牌。

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