Barclays Private Equity brings in €2.4bn

The vehicle received €1.7bn of investment from 25 blue-chip financial groups across the world, including Allianz Private Equity Partners, LGT Capital Partners, Morley Fund Management, Pantheon Ventures, Standard Life Investments and SVG Advisers. Parent group Barclays Capital is investing €650m.

The fund will target businesses throughout Europe with a particular focus on the UK, France, Germany, Italy and Switzerland. In the UK it will look to invest in the financial services, healthcare, support services and consumer & travel sectors, with a more generalist approach on the Continent.