Asia fundraising passes last year’s totals

When RMB funds are extracted, Asia fundraising totals are already up year-on-year, helped by several fund closes in October.

Fundraising totals for Asia, excluding RMB funds, have already surpassed the total reported last year, according to Private Equity International's Research & Analytics division. 

Funds targeting Asia have so far in 2013 raised $26.2 billion across 59 funds. Last year, Asia fundraising totals excluding RMB funds reached $22.9 billion across 83 funds, according to PEI’s data

The data also supports the larger trend of fewer fund managers raising larger amounts of capital.

Five fund closes in October helped to push totals beyond what was raised last year. They included MBK Partners ($2.7 billion), Anchor Equity Partners ($500 million) and Falcon House Partners ($212 million).

Large funds still in market that are expected to close in 2013 include Affinity Equity Partners $3.5 billion pan-regional vehicle. 

Pure RMB funds distort the region's fundraising figures because they tend to be owned by the state or receive huge capital allocations from the government.

Last year, RMB fundraising totaled about $6.4 billion (RMB 39.4 billion), according to PEI’s data.