Montagu Private Equity has raised 2.5 billion euros ($3.6 billion) for new deals, signalling investors are loosening their purse strings once again for top-performing buyout firms. Montagu, the former European buyouts business of HSBC (HSBA.L), said on Tuesday its fourth fund attracted investment from pension funds, insurance companies and sovereign wealth funds from the United States, Europe, the Middle East and Asia. Demand was substantially above the 2.5 billion euro target, the European-focused firm, which invests in deals worth between 100 million euros and 1 billion, said, suggesting renewed investor appetite for new private equity funds. Many big name private equity firms are running low on capital raised in the boom years but have been reticent about going back to investors, many of which have less money to put into buyouts and are increasingly picky about the funds they back.
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