The reversal of quantitative easing means easy returns from a market multiple uplift are a thing of the past. This poses a challenge to PE firms who now require more EBITDA growth in order to pass their carry hurdle. That is why we set out to find organic growth and buy-and-build opportunities, leveraging our own unique dataset on Europe’s private asset pool. Results show that even in today’s lackluster macro-environment the European economy offers plenty of growth avenues to construct tomorrow’s winning portfolios.