Chart of the week: Funds focused on Western Europe are missing targets

In the first five months of 2016, capital raised by Western Europe-focused closed-ended private debt funds fell short by $320m.

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Western Europe-focused closed-ended private debt vehicles have seen a sharp decline this year when comparing the amount of capital raised with that initially targeted.

In 2015, $1.38 billion of capital was raised above the aggregate target for the region; funds which have held a final close in the first five months of this year have fallen short by $320 million.

This is in contrast with the rest of the world. According to PDI Research & Analytics, funds focusing on regions outside Europe or with a diverse regional focus have raised over $500 million more than they have collectively targeted.

However, not all funds have had a hard time raising capital from investors. MML Capital Partners Fund VI raised $97 million more than its initial target by the time a final close was held in March.