Key Takeaways
- • Waterland, a European private equity firm advised by Kirkland & Ellis LLP and Loyens & Loeff, closed two new funds with combined capital commitments of €4.6 billion ($5.4 billion) as of April 24, 2026.
- • The dual fund close represents a significant capital raise for the mid-market European PE shop, demonstrating continued institutional investor appetite for European buyout strategies.
- • Legal advisory support from top-tier firms Kirkland & Ellis and Loyens & Loeff underscores the scale and complexity of the fund formation process.
Summary
European private equity firm Waterland announced the completion of fundraising for two new funds, securing €4.6 billion ($5.4 billion) in total capital commitments. The dual close was revealed on April 24, 2026, and marks a significant milestone for the firm's continued growth in the competitive mid-market PE landscape.
The fundraising effort was supported by prominent legal advisors Kirkland & Ellis LLP and Loyens & Loeff, indicating the institutional quality and complexity of the capital raise. The involvement of these tier-one legal firms reflects the sophistication of Waterland's investor base and the rigorous due diligence processes typically associated with large-scale PE fund formations.
The €4.6 billion combined raise across two vehicles demonstrates sustained institutional investor confidence in Waterland's investment thesis and track record within European mid-market private equity.
The fundraising effort was supported by prominent legal advisors Kirkland & Ellis LLP and Loyens & Loeff, indicating the institutional quality and complexity of the capital raise. The involvement of these tier-one legal firms reflects the sophistication of Waterland's investor base and the rigorous due diligence processes typically associated with large-scale PE fund formations.
The €4.6 billion combined raise across two vehicles demonstrates sustained institutional investor confidence in Waterland's investment thesis and track record within European mid-market private equity.
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