The Finance Shelf

H1 2026 European Private Equity Activity (Invest Europe)

ReportInvest EuropeNovember 202654 pages81 min readOriginal source
Key number
€67.6bn
Preliminary fundraising H1 2026 p.8
Largest segment
Buyout
Largest fundraising stage focus H1 2026 p.8
What changed
-40%
Divestments at cost YoY change vs H1 2025 p.8

Summary

  • Preliminary fundraising figures for European PE/VC funds in H1 2026 reached €67.6bn, representing a 6% increase from the revised H1 2025 figure of €63.8bn.p.8
  • Buyout fundraising reached €53.6bn, increasing by 29% compared with H1 2025 and accounting for approximately 79% of all capital raised.p.8
  • Growth fundraising fell to €4.2bn in H1 2026, approximately 58% below the amount raised in H1 2025.p.8
  • European companies received €43.1bn in equity investment during the first half of 2026, representing a 35% decrease from the revised H1 2025 figure of €66.6bn.p.8
  • Venture capital investment increased by 11% to a record half-year total of €11.5bn in H1 2026.p.8
  • Divestments at cost reached €13.2bn in the first half of 2026, representing a 40% decrease from the revised H1 2025 figure of €22.0bn.p.8

Key insights

  1. Buyout investment fell to €24.5bn, a decrease of 42% compared with the revised H1 2025 figure.p.8
  2. Growth investment decreased to €6.8bn, 48% below the amount invested in H1 2025.p.8
  3. Divestments through sales to another private equity firm fell to 35% of all exits in H1 2026.p.8
  4. Divestments by public offering reached double digits for the first time since H2 2021, representing 13% of all exits.p.8
  5. Venture capital fundraising remained broadly stable at €7.9bn, down 3% from €8.1bn in the same period last year.p.8
  6. Trade sales represented 29% of all European private equity exits divested at cost in H1 2026.p.35

Topics and entities

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