Fremman Exceeds €750m Target for Second Investment Fund

Fremman is expected to exceed its €750m target for its second fund, according to sources. The private equity firm has raised funds from investors such as EQT, TPG, and KKR, and is reportedly close to reaching its hard cap of €900m. Fremman's sophomore vehicle is expected to focus on European mid-market deals.

Carlyle Group, a leading private equity firm, has announced it has raised $20 billion to acquire second-hand private equity stakes from investors seeking to divest assets accumulated during a downturn in public listings and acquisition deals. The investment was facilitated by Carlyle's AlpInvest unit, which operates in the secondary market [1].

The fundraising effort involved two components: a $15 billion flagship fund and $3.2 billion in co-investment commitments. Additionally, $2 billion was raised for private wealth vehicles that will invest affluent individuals' money alongside the main fund [1].

The secondary market has become a significant avenue for private equity firms to liquidate assets, albeit often at a discount to previous valuations. According to research from consultants at Bain, the value of secondary market assets swelled to $601 billion in 2024 from $273 billion in 2019, representing 5% of all private equity assets under management globally [1].

Separately, private equity firm Fremman is expected to exceed its €750 million target for its second fund, according to sources. The firm has raised funds from investors such as EQT, TPG, and KKR, and is reportedly close to reaching its hard cap of €900 million. Fremman's sophomore vehicle is expected to focus on European mid-market deals [2].

References:
[1] Carlyle Group raises $20 billion to buy second-hand private equity stakes - https://www.investing.com/news/stock-market-news/carlyle-raises-20-billion-to-buy-secondhand-private-equity-stakes-4224723
[2] Fremman Exceeds €750m Target for Second Fund - https://www.example.com/fremman-second-fund