Next year, however, 10 big private equity funds are likely to hit the market, aiming to raise more than €110bn, the firm said. Also read: Private credit is on course for biggest year in emerging marketsIt will be a “tale of haves and have-nots”, said Sunaina Sinha Haldea, global head of private capital advisory at Raymond James. These processes often “take twice as long as they used to”, said Ali Floyd, co-head of European private equity fundraising at Campbell Lutyens. Also read: European private debt fund firms expect ‘significant’ consolidation in sectorOther firms set to come to the market with new funds next year include Cinven and PAI. The prospect of a congested market is likely to prompt big investors to be more selective in their relationships, said Floyd.