The European co-head of a US private equity group has left his role because of fundraising difficulties. The news comes as some of Europe’s top buyout firms prepare to test the waters with new funds this year.

Marco Sodi, the co-head of Veronis Suhler Stevenson's London office, left earlier this year it has emerged. His departure was linked to the media-focused firm's halted efforts to raise its first euro-denominated fund, according to a source close to the situation.