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Placement Quest

Top Private Equity Placement Agents List

Comprehensive private equity placement agents list featuring expert rankings, capital raising insights, and market intelligence. Your definitive resource for PE fundraising success.

Top Private Equity Placement Agents

Our curated private equity placement agents list features the world's leading fundraising advisors, including firms ranked in Preqin's 2025 Global Placement Agent Rankings. These elite agencies serve as the vital bridge between General Partners (GPs) seeking capital and institutional Limited Partners (LPs).

What Defines a Top Placement Agent? Key Criteria

  1. 1. Proven Track Record: Top-ranked firms like Campbell Lutyens (#1 in Preqin 2025) and PJT Park Hill have closed billions in capital across multiple fund cycles
  2. 2. LP Network Depth: Access to 500-1,000+ institutional investors including pension funds, sovereign wealth funds, insurance companies, and family offices globally
  3. 3. Strategy Expertise: Specialized knowledge across buyout, venture capital, private credit, infrastructure, and real estate
  4. 4. Geographic Reach: Leading firms maintain offices across North America, Europe, and Asia Pacific to access global LP pools
  5. 5. Regulatory Compliance: Full regulatory registration (SEC, FCA, etc.) and adherence to industry best practices including ILPA guidelines

According to Preqin's 2025 rankings, the global placement agent market is dominated by a select group of firms that collectively facilitate over $100 billion in annual fundraising. Boutique placement agents complement larger firms by offering specialized regional or strategy-specific expertise.

Our directory includes firms from Preqin's top 50 alongside emerging specialists. Rankings sources: Preqin, Private Equity Marketeer, and industry research.

๐Ÿ“Š Best Private Equity Placement Agents Table

View detailed profiles, Preqin rankings, and fund metrics for the top 15 firms

View Best Placement Agents Table โ†“
Asante

Asante

๐ŸŒ United Kingdom ยท Europe

Asante Capital Group is a leading independent global private markets placement firm founded in 2011. The firm specializes in private equity fundraising and advisory, with the senior management team having advised on over $100 billion in successful capital raisings across North America, Europe, the Middle East, and Asia-Pacific.

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Campbell Lutyens

Campbell Lutyens

๐ŸŒ United Kingdom ยท Europe

Campbell Lutyens is the largest independent private markets advisory firm globally, with 300+ professionals across 15 offices providing fund placement, secondary advisory, and GP capital advisory services to leading fund managers and institutional investors worldwide.

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Evercore

Evercore

๐ŸŒ United States ยท North America

Evercore is a leading independent investment banking advisory firm providing strategic advisory, capital markets advisory, private capital advisory and fundraising, restructuring, and wealth management services to corporations, institutions, and high-net-worth individuals globally.

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FIRSTAvenue

FIRSTAvenue

๐ŸŒ United Kingdom ยท Europe

First Avenue Partners is a leading global advisory and capital placement firm specializing in raising capital for private funds, private companies, and secondary transactions. Founded in 2006, the firm operates across private equity, infrastructure, real estate, and credit.

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Goldman Sachs

Goldman Sachs

๐ŸŒ United States ยท North America

The Goldman Sachs Group, Inc. is a preeminent global investment banking, securities, asset and wealth management firm serving corporations, institutions, governments, and individuals. The firm provides comprehensive financial advisory, capital raising, risk management, and investment services across markets worldwide.

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Greenhill

Greenhill

๐ŸŒ United States ยท North America

Greenhill is a premier independent investment bank providing M&A advisory, financing and restructuring, and private capital advisory services to corporations, partnerships, institutions, and governments across major global markets including North America, Europe, Asia, and Australia.

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Houlihan Lokey

Houlihan Lokey

๐ŸŒ United States ยท North America

Houlihan Lokey is a premier global investment bank offering comprehensive financial advisory services including mergers and acquisitions, capital raising, financial restructuring, and placement agent services. Recognized as Placement Agent of the Year at the 2023 Private Equity Awards.

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Jefferies

Jefferies

๐ŸŒ United States ยท North America

Jefferies is a leading pure-play investment banking and capital markets firm serving institutional clients worldwide. The firm provides comprehensive advisory services including M&A, equity and debt capital markets, equities, and research across global markets.

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Lazard

Lazard

๐ŸŒ United States ยท North America

Lazard is a company in the placement_agent sector. Limited information is currently available.

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Probitas

Probitas

๐ŸŒ United States ยท North America

Probitas Partners is an independent global advisory and alternatives placement firm that partners exclusively with sponsors seeking to raise institutional capital across private equity, private credit, and real assets markets.

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Latest PE Fundraising News & Insights

Stay informed with the latest insights, trends, and analysis from the private equity fundraising world

January 1, 1970

Leonard Green Takes Control of Topgolf in $1.1bn Carve-Out from Callaway

Leonard Green & Partners, the Los Angeles-based private equity powerhouse managing $75 billion in assets, has agreed to acquire a 60% controlling stake in Topgolf in a transaction valuing the entertai

Read Article โ†’
January 1, 1970

PPL Capital Funding Launches $1 Billion Exchangeable Notes Offering to Support Parent Company's Capital Strategy

PPL Capital Funding, Inc., the wholly-owned financing subsidiary of utility giant PPL Corporation (NYSE: PPL), has announced plans to raise $1 billion through a private placement of exchangeable senio

Read Article โ†’
January 1, 1970

NevGold Secures C$10 Million in Private Placement to Advance Critical Minerals Portfolio

NevGold Corp., a North American mineral exploration company, has successfully closed a C$10 million brokered private placement financing on November 19, 2025, providing crucial capital to advance its

Read Article โ†’
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Top Private Equity Placement Agents Guide 2025

Get instant access to our 30-page guide featuring leading placement agents, fee structures, selection criteria, market statistics, and expert insights for successful PE fundraising.

๐Ÿ† Featured Top Agents
๐Ÿ’ฐ Fee Breakdowns
๐Ÿ“Š Market Statistics
โœ… Selection Criteria
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Leading Private Equity Placement Agents

Best Private Equity Placement Agents

Comprehensive directory of the world's best private equity placement agents, including Preqin 2025 rankings, estimated funds raised, and detailed firm profiles.

Rank Firm Description HQ Location Founded Est. Raised Specializations
โ€” Asante Capital Group is a leading independent global private markets placement firm founded in 2011. The firm specializes in private equity fundraising and advisory, with the senior management team having advised on over $100 billion in successful capital raisings across North America, Europe, the Middle East, and Asia-Pacific. London, United Kingdom N/A N/A
โ€”
#1 Preqin Campbell Lutyens is the largest independent private markets advisory firm globally, with 300+ professionals across 15 offices providing fund placement, secondary advisory, and GP capital advisory services to leading fund managers and institutional investors worldwide. London, United Kingdom 1988 $500B+
Private Equity Infrastructure
โ€” Evercore is a leading independent investment banking advisory firm providing strategic advisory, capital markets advisory, private capital advisory and fundraising, restructuring, and wealth management services to corporations, institutions, and high-net-worth individuals globally. New York, United States 1995 $120B+
Private Equity Private Credit
โ€” First Avenue Partners is a leading global advisory and capital placement firm specializing in raising capital for private funds, private companies, and secondary transactions. Founded in 2006, the firm operates across private equity, infrastructure, real estate, and credit. London, United Kingdom N/A N/A
โ€”
โ€” The Goldman Sachs Group, Inc. is a preeminent global investment banking, securities, asset and wealth management firm serving corporations, institutions, governments, and individuals. The firm provides comprehensive financial advisory, capital raising, risk management, and investment services across markets worldwide. United States 1869 $200B+
Private Equity Real Estate
โ€” Greenhill is a premier independent investment bank providing M&A advisory, financing and restructuring, and private capital advisory services to corporations, partnerships, institutions, and governments across major global markets including North America, Europe, Asia, and Australia. New York, United States 1996 $200B+
Private Equity Real Estate
โ€” Houlihan Lokey is a premier global investment bank offering comprehensive financial advisory services including mergers and acquisitions, capital raising, financial restructuring, and placement agent services. Recognized as Placement Agent of the Year at the 2023 Private Equity Awards. United States 2005 $100B+
Private Equity Venture Capital
โ€” Jefferies is a leading pure-play investment banking and capital markets firm serving institutional clients worldwide. The firm provides comprehensive advisory services including M&A, equity and debt capital markets, equities, and research across global markets. United States 1962 $150B+
Private Equity Real Estate
#5 Preqin Lazard is a company in the placement_agent sector. Limited information is currently available. United States 1848 $250B+
Private Equity Infrastructure
โ€” Probitas Partners is an independent global advisory and alternatives placement firm that partners exclusively with sponsors seeking to raise institutional capital across private equity, private credit, and real assets markets. San Francisco, United States N/A N/A
โ€”

Data Sources: Rankings from Preqin 2025 Global Placement Agent Rankings. Estimated funds raised and typical fund sizes based on industry research, Private Equity Marketeer, and publicly available transaction data. Visit individual firm profiles for detailed information.

Additional Private Equity Placement Agents

Additional placement agencies in our comprehensive directory, serving the PE fundraising market across various strategies and regions.

5Capital

5Capital

๐ŸŒ United Kingdom ยท Europe

Expert fundraising solutions for alternative investment strategies

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51 North

51 North

๐ŸŒ Singapore ยท Asia Pacific

Expert fundraising solutions for alternative investment strategies

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Acanthus

Acanthus

๐ŸŒ United Kingdom ยท Europe

Independent advisory firm serving private markets fund managers globally

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Agilis

Agilis

๐ŸŒ United Kingdom ยท Europe

Expert fundraising solutions for alternative investment strategies

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Alvine

Alvine

๐ŸŒ United Kingdom ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Amchor

Amchor

๐ŸŒ United Kingdom ยท Europe

Independent advisory firm serving private markets fund managers globally

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Anacap

Anacap

๐ŸŒ United Kingdom ยท Europe

Independent advisory firm serving private markets fund managers globally

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Apcap

Apcap

๐ŸŒ United Kingdom ยท Europe

Specialized private markets advisory with Europe expertise in capital formation and fundraising

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Athos

Athos

๐ŸŒ France ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Baltcap

Baltcap

๐ŸŒ EE ยท Europe

Leading placement services for alternative asset managers seeking institutional capital

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Baltisse

๐ŸŒ LV ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Berchwood

Berchwood

๐ŸŒ United Kingdom ยท Europe

Leading placement services for alternative asset managers seeking institutional capital

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Berenberg

Berenberg

๐ŸŒ Germany ยท Europe

Expert fundraising solutions for alternative investment strategies

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Calpa

Calpa

๐ŸŒ Chile ยท Latin America

Global network connecting private equity funds with institutional investors worldwide

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Capeos

Capeos

๐ŸŒ France ยท Europe

Independent advisory firm serving private markets fund managers globally

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Capman

Capman

๐ŸŒ Finland ยท Europe

Independent advisory firm serving private markets fund managers globally

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Castren

Castren

๐ŸŒ Finland ยท Europe

Leading placement services for alternative asset managers seeking institutional capital

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C-funds

C-funds

๐ŸŒ Luxembourg ยท Europe

Independent advisory firm serving private markets fund managers globally

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Cohenco

Cohenco

๐ŸŒ United Kingdom ยท Europe

Leading placement services for alternative asset managers seeking institutional capital

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Colmar

Colmar

๐ŸŒ France ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Convero

Convero

๐ŸŒ France ยท Europe

Leading placement services for alternative asset managers seeking institutional capital

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Creatrust

Creatrust

๐ŸŒ Luxembourg ยท Europe

Expert fundraising solutions for alternative investment strategies

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Elisir

Elisir

๐ŸŒ IT ยท Europe

Independent advisory firm serving private markets fund managers globally

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Elkstone

Elkstone

๐ŸŒ United Kingdom ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Elm

Elm

๐ŸŒ United Kingdom ยท Europe

Specialized private markets advisory with Europe expertise in capital formation and fundraising

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Ely Place

Ely Place

๐ŸŒ United Kingdom ยท Europe

Independent advisory firm serving private markets fund managers globally

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Embarcadero

Embarcadero

๐ŸŒ United States ยท North America

Expert fundraising solutions for alternative investment strategies

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FOI

FOI

๐ŸŒ United Kingdom ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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FSN

FSN

๐ŸŒ United Kingdom ยท Europe

Specialized private markets advisory with Europe expertise in capital formation and fundraising

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Gulf Equity

Gulf Equity

๐ŸŒ Dubai ยท Middle East

Specialized private markets advisory with Middle East expertise in capital formation and fundraising

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Harris Williams

Harris Williams

๐ŸŒ United States ยท North America

Expert fundraising solutions for alternative investment strategies

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Hsf Kramer

Hsf Kramer

๐ŸŒ Germany ยท Europe

Expert fundraising solutions for alternative investment strategies

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Iberis

Iberis

๐ŸŒ Spain ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Innoswan

Innoswan

๐ŸŒ United Kingdom ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Invalda

Invalda

๐ŸŒ LT ยท Europe

Independent advisory firm serving private markets fund managers globally

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Iqeq

Iqeq

๐ŸŒ United Kingdom ยท Europe

Expert fundraising solutions for alternative investment strategies

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Jasmin

Jasmin

๐ŸŒ United Kingdom ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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JSE

JSE

๐ŸŒ South Africa ยท Africa

Specialized private markets advisory with Africa expertise in capital formation and fundraising

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Lydian

Lydian

๐ŸŒ United Kingdom ยท Europe

Independent advisory firm serving private markets fund managers globally

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MAFR

MAFR

๐ŸŒ United Kingdom ยท Europe

Leading placement services for alternative asset managers seeking institutional capital

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Marquee

Marquee

๐ŸŒ India ยท Asia Pacific

Expert fundraising solutions for alternative investment strategies

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Mcam

Mcam

๐ŸŒ United Kingdom ยท Europe

Expert fundraising solutions for alternative investment strategies

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MML

MML

๐ŸŒ Ireland ยท Europe

Specialized private markets advisory with Europe expertise in capital formation and fundraising

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Monument

Monument

๐ŸŒ United Kingdom ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Moravia

Moravia

๐ŸŒ United Kingdom ยท Africa

Expert fundraising solutions for alternative investment strategies

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Nazca

Nazca

๐ŸŒ Peru ยท Latin America

Specialized private markets advisory with Latin America expertise in capital formation and fundraising

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Nordic

Nordic

๐ŸŒ Sweden ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Nordlink

Nordlink

๐ŸŒ Sweden ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Pantheon

Pantheon

๐ŸŒ United Kingdom ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Picton

Picton

๐ŸŒ Chile ยท Latin America

Independent advisory firm serving private markets fund managers globally

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Piexton

Piexton

๐ŸŒ United Kingdom ยท Europe

Specialized private markets advisory with Europe expertise in capital formation and fundraising

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 PJT

PJT

๐ŸŒ United States ยท North America

Independent advisory firm serving private markets fund managers globally

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Placement Quest

Placement Quest

๐ŸŒ Belgium ยท Europe

Expert fundraising solutions for alternative investment strategies

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Platypus

Platypus

๐ŸŒ Australia ยท Asia Pacific

Independent advisory firm serving private markets fund managers globally

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Polaris

Polaris

๐ŸŒ United Kingdom ยท Europe

Expert fundraising solutions for alternative investment strategies

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Prescus

Prescus

๐ŸŒ Netherlands ยท Europe

Leading placement services for alternative asset managers seeking institutional capital

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PW Partners

PW Partners

๐ŸŒ United Kingdom ยท Europe

Specialized private markets advisory with Europe expertise in capital formation and fundraising

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Quest

Quest

๐ŸŒ United Kingdom ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Reach

Reach

๐ŸŒ United States ยท North America

Global network connecting private equity funds with institutional investors worldwide

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Red

Red

๐ŸŒ PT ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Renatus

Renatus

๐ŸŒ United Kingdom ยท Europe

Leading placement services for alternative asset managers seeking institutional capital

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Rewire

Rewire

๐ŸŒ United Kingdom ยท Europe

Independent advisory firm serving private markets fund managers globally

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Roux

Roux

๐ŸŒ United Kingdom ยท Europe

Independent advisory firm serving private markets fund managers globally

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Selinus

Selinus

๐ŸŒ United Kingdom ยท Europe

Specialized private markets advisory with Europe expertise in capital formation and fundraising

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Sierra

Sierra

๐ŸŒ United States ยท North America

Global network connecting private equity funds with institutional investors worldwide

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Sogne

Sogne

๐ŸŒ NO ยท Europe

Specialized private markets advisory with Europe expertise in capital formation and fundraising

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Stifel

Stifel

๐ŸŒ United States ยท North America

Expert fundraising solutions for alternative investment strategies

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Stone Mountain

Stone Mountain

๐ŸŒ United States ยท North America

Independent advisory firm serving private markets fund managers globally

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Summit

Summit

๐ŸŒ United Kingdom ยท Europe

Leading placement services for alternative asset managers seeking institutional capital

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Topcap

Topcap

๐ŸŒ United Kingdom ยท Europe

Expert fundraising solutions for alternative investment strategies

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Trinity

Trinity

๐ŸŒ United Kingdom ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Triton

Triton

๐ŸŒ United Kingdom ยท Europe

Specialized private markets advisory with Europe expertise in capital formation and fundraising

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UBS

UBS

๐ŸŒ Switzerland ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Valery

Valery

๐ŸŒ Brazil ยท Latin America

Global network connecting private equity funds with institutional investors worldwide

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Victoria

Victoria

๐ŸŒ United Kingdom ยท Europe

Independent advisory firm serving private markets fund managers globally

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WHR

WHR

๐ŸŒ United Kingdom ยท Europe

Specialized private markets advisory with Europe expertise in capital formation and fundraising

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Worthwhile

Worthwhile

๐ŸŒ United Kingdom ยท Europe

Global network connecting private equity funds with institutional investors worldwide

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Curated
Excellence
Top private equity placement agents vetted for fundraising success, market expertise, and proven LP networks
Fundraising
Intelligence
Comprehensive market data from top private equity placement agents, including deal metrics and PE fundraising insights
Expert
Guidance
Strategic counsel from the world's leading private equity placement agents and fundraising advisors

The Role of Placement Agents in Modern Fundraising

Essential functions in private equity capital formation

LP Network Access

Established relationships with thousands of institutional investors including pension funds, sovereign wealth funds, insurance companies, endowments, foundations, and family offices.

Market Positioning

Strategic guidance on fund differentiation, timing considerations, and competitive landscape intelligence.

Materials Development

Coordinate creation of comprehensive fundraising documentation including private placement memorandums, DDQs, and presentations.

Roadshow Coordination

Organize and manage investor meetings across multiple geographies with logistics and follow-up.

Due Diligence Support

Coordinate LP due diligence processes and operational reviews throughout investment committee evaluation.

Terms Negotiation

Guide discussions on fund economics, governance structures, and LP-specific accommodations.

Regulatory Compliance

Navigate complex securities regulations, SEC requirements, marketing restrictions, and cross-border fundraising rules.

The consolidation of placement agent services has become integral to modern alternative asset fundraising, particularly for managers without extensive LP relationships or first-time fund sponsors requiring institutional credibility signals.

The Role of Private Equity Placement Agents

Private equity placement agents are specialized investment banking firms that act as intermediaries between general partners (GPs) seeking to raise capital and institutional limited partners (LPs) with capital to deploy.

These firms provide critical fundraising support to private equity funds, venture capital funds, infrastructure funds, and other alternative investment vehicles.

The placement agent market has evolved significantly since the 1980s. What began as a niche service has transformed into a sophisticated, multi-billion dollar industry essential to the private capital markets ecosystem. Today's top placement agents combine deep institutional relationships, market intelligence, regulatory expertise, and strategic positioning to help fund managers successfully close on their target fundraise amounts.

Capital Raising
Connect with premier private equity placement agents specializing in PE fundraising
Fund Marketing
Access leading PE fundraising experts for top-tier administrative talent
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How Private Equity Placement Agents Work

Six-phase engagement process spanning 9-18 months

Phase 1: Assessment and Positioning
4-6 weeks

Placement agents conduct due diligence on the GP, analyzing historical fund performance relative to benchmarks and peers and evaluating the investment strategy's competitive positioning. They assess team composition, operational infrastructure, and fund terms to develop a comprehensive fundraising strategy targeting specific LP segments.

Phase 2: Materials Development
6-8 weeks

The agent coordinates creation of essential fundraising documents including the Private Placement Memorandum, marketing presentations, due diligence questionnaires, track record documentation, and term sheets. These materials must meet institutional standards and effectively communicate the investment thesis.

Phase 3: LP Targeting and Outreach
Ongoing

Using their institutional database, agents screen and identify appropriate LP prospects. They conduct warm outreach to existing relationships via senior placement professionals and manage information distribution through NDAs. Top agents typically generate 50-150 initial LP conversations for quality mandates.

Phase 4: Roadshow Coordination
12-16 weeks

The agent orchestrates meetings and presentations across multiple cities. They schedule one-on-one sessions, organize multi-city roadshows, and coordinate management Q&A sessions. A typical institutional fundraise may involve 40-80 substantive LP meetings over a 3-4 month roadshow period.

Phase 5: Due Diligence Coordination
8-12 weeks

Agents manage LP due diligence requests, coordinate reference calls, facilitate operational reviews, and track progress across multiple prospects simultaneously.

Phase 6: Closing and Fund Administration
4-8 weeks

Final-phase support includes negotiating side letters, coordinating document execution, managing capital logistics, and facilitating post-close LP onboarding.

Total timeline: 9-18 months from initial engagement to final close, depending on fund size, strategy, GP track record, and market conditions.
Top private equity placement agents workspace

Capital Raising Agencies

Connecting exceptional talent with world-class organizations through
specialized top placement agents and PE fundraising experts

Private Equity Placement Agent Fees & Fee Structures

Compensation models and total cost analysis

Standard Fees by Fund Size

Large-cap funds ($1B+)
1.5-2%
Mid-market funds ($250M-$1B)
2-2.5%
Smaller funds ($100M-$250M)
2.5-3%
First-time funds and specialized strategies
up to 3-3.5%

Retainer Models

Retainer + Success Fee

Monthly Retainer: $25,000-$75,000

Success Fee: 1.5-2.5%

Retainer credited against success fees at closing

Pure Success Fee

Monthly Retainer: None

Success Fee: 2-3%

More common for established managers with strong track records

Example: $500M Fund

Retainer
$600,000
Success Fee
$12.5M (2.5%)
Expenses
$100,000
Total
~$13.2M (2.64%)

How to Select the Right Placement Agent

Six key criteria for choosing optimal fundraising partner

LP Relationships and Network Depth

Evaluate the placement agent's LP relationship network breadth, relationship quality, strategy-specific expertise, geographic coverage, and recent fundraising success. Strong agents facilitate introductions to decision-makers rather than junior analysts.

Strategy and Sector Expertise

Consider whether the agent specializes in your investment approach, has experience with comparable fund sizes, understands relevant industries, and can guide emerging versus established managers.

Competitive Positioning Capabilities

Evaluate market intelligence regarding competing funds, ability to develop differentiation narratives, understanding of LP priorities, and quality of sample fundraising materials.

Team Quality and Engagement Model

Examine senior partner participation, team backgrounds, concurrent mandate capacity, personal rapport, and responsiveness during pitch phase.

Track Record and References

Request recent fundraise lists, conduct 3-5 GP reference calls about responsiveness and LP access, inquire about unsuccessful campaigns, verify regulatory standing via FINRA.

Fee Structure and Economics

Compare compensation against market standards, review unusual provisions, understand expense policies, clarify GP-sourced commitment treatment, confirm timeline extension protocols.

Red Flags to Watch For

Global Reach & Career Advancement

Leading private equity placement agents operate across global markets, connecting fund managers with institutional investors in North America, Europe, Asia-Pacific, and emerging regions.

These sophisticated networks enable placement agents to provide career development guidance, executive search services, and strategic talent advisory for professionals seeking to advance in the competitive PE fundraising landscape.

Career Development
Expert guidance from top placement agents to advance your executive career
Global Network
International PE fundraising experts connecting talent worldwide

Why Private Equity Funds Use Placement Agents

Strategic advantages of professional fundraising support

Institutional LP Access

Direct relationships with hundreds of institutional limited partners including pension funds, sovereign wealth funds, insurance companies, endowments, and foundations that would take years to develop independently.

Market Intelligence

Real-time insights on LP allocation preferences, competitive fundraising landscape, market terms, and investor sentiment that inform optimal positioning strategies.

Professional Credibility

Engagement with reputable placement agents signals institutional quality and seriousness to prospective LPs, particularly critical for emerging and first-time managers.

Time Efficiency

Parallel LP outreach and meeting coordination compresses fundraising timelines from 18-24 months to 9-15 months, allowing GPs to focus on portfolio management.

Materials Excellence

Professional-grade fundraising materials including PPMs, presentations, and DDQ responses that meet institutional standards and effectively communicate investment thesis.

Regulatory Navigation

Expert guidance on SEC regulations, marketing restrictions, cross-border compliance requirements, and legal documentation that mitigate fundraising risks.

Frequently Asked Questions

Common questions about placement agents and fundraising

What percentage of private equity funds use placement agents?
Approximately 40-60% of all private equity fundraises involve placement agents. The percentage varies significantly by fund size and manager experience. First-time and emerging managers use placement agents in 70-80% of cases, while established mega-funds ($5B+) often fundraise without placement support. Mid-market funds ($250M-$1B) represent the sweet spot where placement agents provide maximum value.
How much do placement agents typically charge?
Placement agent fees generally range from 1.5-3% of total capital raised, with the specific percentage depending on fund size, strategy, and GP track record. Large-cap funds ($1B+) typically pay 1.5-2%, mid-market funds pay 2-2.5%, and smaller funds or first-time managers may pay 2.5-3%. Many engagements also include monthly retainers of $25,000-$75,000 that are credited against success fees at closing.
Should first-time fund managers hire a placement agent?
First-time fund managers almost always benefit from placement agent engagement. Without established LP relationships or fundraising track records, emerging managers face significant challenges accessing institutional capital. Placement agents provide credibility, LP access, fundraising expertise, and professional materials that dramatically improve success probabilities. However, first-time managers should ensure they have a compelling investment thesis, relevant team experience, and realistic fund size expectations before engaging a placement agent.
How long does a typical fundraise take with a placement agent?
A typical institutional fundraise with a placement agent runs 9-18 months from initial engagement to final close. Established managers with strong track records can often complete fundraises in 9-12 months, while first-time managers or complex strategies may require 15-18 months. The timeline includes 6-8 weeks for materials development, 12-16 weeks for roadshow activity, 8-12 weeks for due diligence, and 4-8 weeks for final closing. Market conditions, fund size, and LP appetite significantly impact actual timelines.
Can fund managers negotiate placement agent fees?
Placement agent fees are negotiable, particularly for established managers with strong track records or large fund sizes. GPs can improve negotiating leverage by soliciting proposals from multiple placement agents, demonstrating existing LP relationships, or offering repeat engagement opportunities. However, fees should not be the primary selection criterion - the quality of LP relationships, team expertise, and proven track record matter far more than modest fee differences.
Do placement agents guarantee fundraising success?
No reputable placement agent guarantees fundraising success. While top placement agents achieve 85-95% success rates for established managers with strong track records, outcomes depend on numerous factors including fund strategy, team experience, market conditions, and competitive dynamics. First-time funds face significantly lower success probabilities (40-60%). GPs should be wary of placement agents making unrealistic promises about fundraising timelines or commitment amounts.
What is the difference between a placement agent and a broker-dealer?
Most placement agents are registered as broker-dealers with FINRA (in the U.S.) or equivalent regulators internationally. The broker-dealer registration provides legal authority to solicit investments and receive transaction-based compensation. Some placement agents operate within larger investment banks that have broker-dealer licenses, while others are independent broker-dealers focused exclusively on private fund placements. The regulatory registration ensures compliance with securities laws and investor protection rules.
When should a fund manager start talking to placement agents?
Fund managers should begin placement agent conversations 9-12 months before their target fundraising launch. This timeline allows for comprehensive agent selection (2-3 months), materials development (2-3 months), and strategic planning before active LP outreach begins. Starting too early risks stale materials or market positioning, while starting too late creates time pressure and may force suboptimal agent selection.

Further Reading & Sources

Regulatory framework governing placement agent registrations, fee disclosures, and investor protection requirements
Registration requirements and compliance standards for placement agents operating as broker-dealers
Comprehensive market data on fundraising trends, LP allocation patterns, and placement agent market share
Detailed analysis of fee structures, success rates, and competitive dynamics in the placement agent industry
Annual survey of placement agent market consolidation and emerging manager trends
Industry news, regulatory updates, and deal flow analysis
Data on institutional LP allocations and investment preferences

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