Europe’s private markets are undergoing a decisive shift.
Investor expectations are rising, commitments are increasing in scale, and a new generation of investors is demanding immediacy, clarity, and a more purposeful allocation of capital. At the same time, demographic shifts, passive capital flows, and the de-risking of pension plans are reshaping how long-term capital moves.

Earlier this year, our Emerging Fund Manager Report examined the landscape for first-time managers — from fund formation and domiciliation to early LP expectations and operational setup. This new edition turns to established GPs and the pressures they face as markets become more complex and technology-driven.

The Established Fund Manager Report examines the forces reshaping the industry: the surge of institutional capital into alternatives; the rise of continuation funds, secondaries, and semi-liquid structures; and the impact of interest-rate stability on pacing, deployment, and liquidity.

Download the full report to explore these shifts in depth and understand what they mean for established managers across Europe.