Pollen Street Raises €2 Billion for Private Equity Strategy

Alternative asset manager Pollen Street Capital has raised €2 billion ($2.3 billion) for its private equity strategy, helped by increased appetite for mid-market deals in Europe, particularly from investors in North America.

The London-based firm’s Private Equity Fund V has secured €1.5 billion in commitments, exceeding its initial target of raising €1 billion, according to a statement reviewed by Bloomberg News. The latest fund is also 85% larger than its predecessor fund that raised £700 million ($943 million) in 2021.

Pollen Street also drew in an additional €500 million of associated co-investment capital as part of the private equity strategy. ...