The IR data room — United Kingdom
Private equity in the UK, in numbers
Europe's largest PE market, measured in London and reported by UK Private Capital (the BVCA's successor name). The figures an IR team at a UK fund needs — plus the FCA reporting and Mansion House currents changing who the LPs are.
Invested in UK businesses, 2024
£29.4bn
Up 44% from £20.4bn in 2023 — buyouts £20.3bn (+77%), venture £5.1bn (+37%).
UK Private Capital (BVCA), Report on Investment Activity 2024 · 2024
Raised by UK-managed funds, 2025
£58.7bn
The UK remains a global hub for driving investment across Europe and beyond — £45.7bn was deployed out of the UK in 2025.
UK Private Capital, Report on Investment Activity 2025 · 2025
UK PE dry powder, 2025
£190bn
A record. Capital waiting to be deployed in the market your LP deck competes in.
KPMG UK Private Equity Landscape, citing the BVCA · 2025
UK PE/VC 10-year return
15.8% IRR
Per annum vs 6.2% for the FTSE All-Share — the long-run pitch, quoted with its source.
UK Private Capital (BVCA) & PwC, Performance Measurement Survey 2024 · 10-yr to 2024
The market
Private capital invested in UK businesses, by year
£bn invested
A 2024 surge, then a step back in 2025 — while deal volumes fell 10.2% and KPMG counted 254 UK exits, the lowest since 2020. Investment is up against a shut exit door: the DPI conversation in every UK LP meeting.
Source: UK Private Capital, Reports on Investment Activity 2024 and 2025 · KPMG UK Private Equity Landscape
UK exit routes, 2025
share of exits
Of 254 UK exits in 2025: 60% went to trade acquirers, 36% were secondary buyouts, 8 were management buyouts — and just 2 were IPOs. The public window stayed shut for a fourth year.
Source: KPMG UK Private Equity Landscape (full-year 2025)
The UK LP landscape
Who funds UK private equity
| LP fact | Figure | Read |
|---|---|---|
| Pension funds' share of UK fundraising, 2024 | 21% | The largest single institutional type; 23% for buyout funds |
| UK fundraising from outside the UK | ~63% (£21bn) | UK funds raise globally; UK investors provided just 17% (£5.6bn) |
| London's share of UK-company investment, 2024 | 58% (£19.2bn) | By amount; 44% of 2025 deals — regional deal-making is the rest of the map |
| UK share of European exit value, Q3 2025 | 31.1% | And 8 of the top 10 European deals originated in the UK — Europe's largest PE market |
| Private capital's contribution to the UK economy | ~£200bn a year | About 7% of GDP and 2.5m jobs (EY analysis for UK Private Capital) |
Source: UK Private Capital RIA 2024 · PitchBook Q3 2025 European PE Breakdown · KPMG · EY for UK Private Capital
IR practice in United Kingdom
The frameworks your reporting is judged against
AIFMD transparency to the FCA
FUND 3.4
Full-scope UK AIFMs file Annex IV-equivalent reports via RegData; EU AIFMs marketing into the UK under the national private placement regime file UK Annex IV too. Your transparency reporting has a UK branch.
FCA, Reporting Annex IV transparency information under AIFMD · guidance
Mansion House Accord
10% by 2030
17 of the largest UK workplace pension providers intend to put at least 10% of DC default funds into private markets by 2030 (5% in the UK) — up to £50bn. The DC pension channel UK GPs have waited a decade for.
Pensions UK, The Mansion House Accord · HM Government · 2025
Valuation & vehicle standards
IPEV / PFLP
UK managers report on IPEV Valuation Guidelines, and the Private Fund Limited Partnership — with its LP safe-harbour list — is the standard UK fund vehicle. 34 FCA-registered LTAFs existed by Sep 2025.
IPEV Guidelines · UK Private Capital · FCA register via Debevoise · 2025
What this page does not claim
- No clean 2024 full-year figure for the UK's share of European PE deal value was found with a named source; the verifiable PitchBook shares are exit value (31.1%, Q3 2025) and deal count (23%, 2020–24).
Other regional data rooms
Figures are quoted from the named public sources for information only and were current at the dates shown. Verify against the original publication before using any number in fund materials. Want the region's numbers turned into a fund-specific readiness read?
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