Two European private equity fund managers — HIG Europe and Montana Capital — have rapidly completed their latest fundraisings, further highlighting the capital raising gulf between leading private equity firms and strugglers.

HIG Europe has beaten its fundraising target within three months of launching the Europe 2 fund, raising €825m, according to a statement from the firm. Other Europe-based buyout funds which have closed year-to-date have taken an average of 20 months to raise vehicles, according to data provider Preqin.