Buyout firms looking to raise funds in the current market should be prepared to face a “tiring and inefficient process” and develop greater transparency to be successful, according to a senior partner at European buyout firm BC Partners.

Speaking at the Capital Creation conference in Monte Carlo this week, a private equity event, Laurent Donin de Rosière, a partner at BC Partners, said: "Historically, you would see your investor once face to face [during fundraising]; now it's four times before they even begin to engage."