Montagu Private Equity has held a €2.75 billion final close on its fifth buyout fund after just eight months in market.

Montagu V launched in January and had amassed €2.2 billion at the end of June. The vehicle has now beaten its €2.5 billion target - and eclipsed Montagu's previous fund, which reached a final close of €2.5 billion in April 2011 - after securing increased commitments from insurance companies, pension funds, and sovereign wealth funds in Europe, the US, Asia and the Middle East.