LONDON, April 26 (Reuters) - Montagu Private Equity said it has raised 2.5 billion euros ($3.6 billion) for new deals, tapping investors from across the globe who are increasingly picky about the buyout firms they back.
Montagu, the former European buyouts business of HSBC , said on Tuesday its fourth fund attracted investment from pension funds, insurance companies and sovereign wealth funds from the United States,
Europe, the Middle East and Asia.
Demand was substantially above the 2.5 billion euro target, Montagu said.
Many private equity firms, including BC Partners and Cinven, have been trying to raise new capital, after exhausting funds raised in in the middle of the last decade.
(Reporting by Simon Meads; Editing by Dan Lalor)
($1 = 0.6883 euro) Keywords: MONTAGU/FUND
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