Largest Private Equity Firms in Europe
The 100 largest private equity firms with a main office in Europe that file with the SEC, by the private fund gross assets they report on Form ADV. A European firm that does not file with the SEC is not on this list. CVC Capital Partners is the largest: $105.7 billion through CVC Advisers Jersey Limited (filed ).
EQT follows with $101.7 billion. The 100 firms counted report $1,296.6 billion together; the ten largest hold 48% of it, and half report less than $4.0 billion.
Updated . Rechecked quarterly; next check . Figures read , as filed to .
- $25BN and over62%16 firms
- $10BN to $25BN17%12 firms
- $5BN to $10BN8%14 firms
- $1BN to $5BN13%58 firms
Latest Form ADV of each, filed Jul 2025 to Sep 2026. Read ; sources at the end of the page.
- Private equity firms listedList of October 2026; 100 are private equity firms
- 100
- Combined fund assets100 counted; as filed to Sep 2026
- $1,296.6BN
- Median firmHalf of the 100 report less
- $4.0BN
- Held by the ten largestOf the $1,296.6BN combined
- 48%
CVC Capital Partners, EQT and Permira lead the Europe private equity firms by fund assets
The ten largest by private fund gross assets on their latest Form ADV. Together they report $626.4BN, 48% of the $1,296.6BN the 100 counted report.
- 1
CVC Capital Partners
Private equity firm, St. Helier, Jersey
- 2
EQT
Private equity firm, Luxembourg, Luxembourg
- 3
Permira
Private equity firm, St. Peter Port, Guernsey
- 4
Ardian
Private equity firm, Paris, France
- 5
ICG
Private equity firm, Luxembourg, Luxembourg
- 6
Hg
Private equity firm, London, United Kingdom
- 7
Cinven
Private equity firm, London, United Kingdom
- 8
LGT Capital Partners
Private equity firm, Dublin, Ireland
- 9
Pantheon
Private equity firm, Dublin, Ireland
- 10
Coller Capital
Private equity firm, St. Peter Port, Guernsey
Gross assets of the private funds each adviser reported in its latest Form ADV. Each pin opens the filing behind the figure; the ranking rule and sources are at the end of the page. Read .
The ten largest hold 48% of the fund assets
How the 100 firms counted spread by size: most are small, the dollars sit at the top.
One dot per firm counted. Read .
Fund assets each reported in its latest filing; shares are of the $1,296.6BN combined, one row per firm. Read .
8%
of the fund assets reported sits with one firm, CVC Capital Partners. The five largest hold 32%; 0 of 100 report under $1 billion.
- Private equity firms100
Kind of each, from its own website and filings, checked October 2026.
- London46
- Luxembourg11
- Paris9
- Baar3
- St. Helier3
- St. Peter Port3
Main office on each firm's Form ADV.
Leaders beyond the ranking
Figures the main ranking does not compare: the largest holdings of US listed stocks, most active in private offerings, most private funds.
| Rank | Name | Figure |
|---|---|---|
| 1 | EQT | $863MMQ2 2026 |
| 2 | Mubadala Capital | $394MMQ2 2026 |
| 3 | Andera Partners | $206MMQ2 2026 |
3 firms counted here report listed stocks for a 2026 quarter.
| Rank | Name | Figure |
|---|---|---|
| 1 | Partners Group | 3829 issuers |
| 2 | Pantheon | 128 issuers |
| 3 | Bridgepoint | 99 issuers |
| 4 | Five Arrows | 33 issuers |
| 5 | BC Partners | 21 issuer |
| 6 | CVC Capital Partners | 22 issuers |
| 7 | EMK Capital | 22 issuers |
| 8 | Nordic Capital | 22 issuers |
Counts notices, new and amended, filed by issuers whose name begins with the name; offering amounts are not shown.
| Rank | Name | Figure |
|---|---|---|
| 1 | Hg | 138Sep 2026 |
| 2 | Partners Group | 81Mar 2026 |
| 3 | BC Partners | 80Mar 2026 |
| 4 | EQT | 69Mar 2026 |
| 5 | Permira | 60Apr 2026 |
| 6 | Five Arrows | 55Mar 2026 |
| 7 | LGT Capital Partners | 53Apr 2026 |
| 8 | CVC Capital Partners | 52Mar 2026 |
The list is public. The warm path is not. Schedule a conversation
All 100 on the list
Largest first, with each firm's private fund gross assets, private funds, listed stocks and fund offerings, each with a pin to its filing; firms with no figure show the interests they state on their own sites.
Showing all 100 firms
The first 30 are shown here; find, a kind or a size shows every match.
No row matches. Clear the find field or choose All.
Fund assets are the gross assets of the private funds in the adviser's latest Form ADV (solid bar; grey when the firm is not in the totals). Listed stocks are the US listed securities a firm reports each quarter; fund offerings count the private offering notices of funds named for the firm in two years. Each pin opens the filing behind the figure. The square beside a name opens every figure with its filing and notes.
A few large advisers hold most of the money
Six findings from the filings of the 100 firms counted.
- 8%
of the $1,296.6 billion the 100 firms counted report is one firm's: CVC Capital Partners. Without it, the other 99 report $1,190.9 billion.
Fund assets, latest Form ADV of each; sums of filed figures
- $4.0BN
is the median: half of the 100 report less, and the smallest reports $1.6 billion.
Fund assets, latest Form ADV of each
- 1,939
private funds are advised by the firms counted; Hg advises the most, 138.
Private funds on each Form ADV (Schedule D); sums of filed figures
- $1.5BN
of US listed stocks reported by 3 firms counted for a 2026 quarter; the largest, EQT, reported $863 million.
Quarterly listed stock reports (Form 13F), 2026
- 79
private offering notices in two years were filed by funds and vehicles named for 15 firms; Partners Group leads with 38.
Private offering notices, to
- 48
of the 100 have their main office in the United Kingdom; the next place is Luxembourg, with 12.
Main office on each Form ADV
Questions
How many European private equity firms file with the SEC?
448 advisers with a main office in Europe whose private funds are half or more private equity funds report private fund gross assets on Form ADV (the SEC files of October 1, 2026); 202 of them are in the United Kingdom. This list ranks the largest 100. A European firm that raises no money from US investors need not file, so it is not counted here.
What are the largest private equity firms in Europe?
By the private fund gross assets they report: CVC Capital Partners $105.7 billion, EQT $101.7 billion, Permira $73.4 billion, Ardian $67.1 billion, ICG $67.1 billion.
How much do the largest private equity firms in Europe manage?
Of the 100 on this list, the median reports $4.0 billion in private fund gross assets; the largest reports $105.7 billion and the smallest $1.6 billion.
How do you start a relationship with private equity firms in Europe?
Each firm on this page links to its own website, and each figure carries a pin that opens the public filing it comes from. For fund managers and companies raising capital, Praxis Rock runs capital formation programs; see Raise Capital.
Sources and method
- Who is listed
- The 100 largest by private fund gross assets of the 448 advisers that file Form ADV with the SEC (files of October 1, 2026) and are led by private equity: half or more of their private funds are private equity funds. Main office in Europe on Form ADV, the Channel Islands included: United Kingdom 48, Luxembourg 12, France 10, Switzerland 6, Germany 5, Netherlands 4 and other countries 15. Left out: 34 whose own sites or filings describe another business (infrastructure, real estate and energy managers 18, credit and lending managers 6, fund entities of banks, insurers and diversified asset managers 5, fund services and fund platform companies 4 and hedge fund, crossover and public markets managers 1); 33 exempt reporting advisers with no website on file; 12 with no private fund gross assets reported; 1 with a Form ADV over 15 months old. 11 sister advisers folded into the row of their business; 14 on the filing alone, their sites missing, unreachable or too thin to judge.
- Ranking rule
- The top 10, every total, share and median, the charts and the answers to the questions use one set: the 100 advisers that report private fund gross assets in their latest SEC Form ADV, with a main office in Europe, that the filing itself ties to the row (the CRD the list cites, or the row's own website in Item 1.I), one figure per adviser. A name match with no such tie is shown in the row's detail only, never ranked or counted.
- Our arithmetic
- The $1,296.6BN, the median, shares, charts and boards are sums and medians of filed numbers over that one set; 0 firms with a figure outside it stay listed with the figure and the reason.
- Pins
- Each figure's pin opens the filing it comes from: the adviser's Form ADV as filed, or the SEC filing index of its 13F report or of the latest private offering notice (Form D). The pin's label names the source and its date.
- What we searched
- On we searched every firm by its website against the websites advisers list on Form ADV, by the CRD the list cites, by name for Form ADV, and by every CIK found for 13F reports, and searched private offering notices for funds named for it. Of the 100, 100 report on a current Form ADV, 4 file 13F reports (3 for a 2026 quarter with a value), 15 have funds named for them in private offering notices, and 0 more show a possible match by name only in their detail, not counted.
- Words
- Kinds and interests are each firm's own, from its website. No person names are shown.
| Figure | Source | Period, read |
|---|---|---|
| Assets, private funds, client types, main office, employees | SEC Form ADV adviser data, October 2026 report, and each adviser's Form ADV as filed, 100 advisers | Filings to 2026-10-01; read 2026-10-31 |
| Listed stocks | SEC EDGAR Form 13F, 4 filers | Latest quarter; read 2026-10-31 |
| Private offering notices of funds named for a firm | SEC EDGAR full text search, Form D and D/A | 2024-10-30 to 2026-10-30 |
| Kind, interests and website | Each firm's own website, as researched for this list | Checked 2026-10-31 |
| Logos | Each firm's own website; a monogram where none checks | Read 2026-10-31 |
Cite as: Praxis Rock Advisors, "Largest Private Equity Firms in Europe," updated October 31, 2026, praxisrock.com/resources/investors/largest-private-equity-firms-europe