CVC Capital Partners has come out on top as the most in demand European large leveraged buyout manager on the secondaries market, according to Setter Capital.
In the 2015 second quarter 20 Most Sought-After European Large LBO Managers on the Secondary Market report, Apax Partners and EQT Partners came second and third respectively.
Terra Firma Capital Partners was one of the new managers on the list, while 3i Buyouts dropped out of the top 20.
The top 10 most sought-after European large buyout fund are: CVC, Apax, EQT, BC Partners, Cinven, Charterhouse Capital Partners, Nordic Capital, Altor, PAI Europe and Permira.
The average price paid for stakes in the top 20 funds was 97.74 per cent of net asset value, with an average internal rate of return of 16.64 per cent.
The report is based on the Setter Liquidity Rating which rates fund families as excellent, very good, good and unrated depending on how sought-after and saleable they are on the secondary market.
Back in June, Blackstone, Apollo and Bain Capital topped Setter Capital’s most sought-after US large LBO managers rankings.
Copyright © 2015 AltAssets
