Waterland Raises €4 Billion for Latest Private Equity Fund

European private equity firm Waterland has raised €4 billion ($4.7 billion) for its new flagship fund, signaling an uptick in demand for European mid-market funds.

Waterland Private Equity Fund X saw strong participation from a variety of investors including asset managers, pension funds, sovereign wealth funds and family offices, according to a statement reviewed by Bloomberg News. The firm has also raised €600 million for its Waterland Partnership Fund II, which makes minority investments in some of Waterland portfolio companies.