How US fund managers can access the European private assets revolution

10 October 2024

By 2030, global private assets under management will surpass $21 trillion dollars. This is a significant increase from the current $13 trillion. Many US managers already raise capital in Europe. Our research* shows many more have plans to join them. 

Carne recently held a webinar to discuss the opportunities available to US managers in European private markets, featuring insights from: 

 

  • Des Fullam – Group Chief Regulatory & Client Solutions Officer, Carne Group 
  • Victoria Roquette – Country Head & Board Director, Distribution Solutions, Carne Group 
  • Nicolas Vagner – Managing Partner, Axelium Capital 

 

Our expert panel highlighted the essential considerations for gaining access to – and succeeding in the sector.  They discussed a number of key themes, including: 

  • The focus from US managers on European private equity, private debt and higher-yielding infrastructure. The latter is driven particularly by the funding gap between the need for decarbonisation and climate transition investments, and the availability of capital. 
  • The changing investor perspective. For example, while US managers have long deemed the UK and Switzerland attractive domiciles for private assets, they are being increasingly complemented by growth in the Nordics and Benelux area. 
  • The evolving European client universe – defined benefit pension schemes and insurance companies are being joined by family offices across Europe, wealth managers, sovereign fuds and defined contribution schemes. 
  • The most effective and efficient ways US managers can structure their entry to Europe – including how to navigate the regulatory framework and the roles played by outsources management companies. 

 If you would like to see more, please view the full webinar here. 

For more details about how Carne can help you reach European investors, please contact us at contact@carnegroup.com 

*About the research  

Our new Atlas 2024 report shines a light on the outlook of private markets. It is based on research with 201 global private fund managers and European asset allocators. Its findings range from challenges in capital raising for private market fund managers to ways in which wealth managers and DC pension schemes will invest in these markets. 

This publication has been prepared for general guidance on matters of interest only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice.