Chart of the Week: Fundraising for Q2 already stronger than Q1

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Private Equity International’s fundraising numbers reveal that 85 funds have held final closes in April and May YTD, raising $71.6 billion. Almost two months into the second quarter of the year, private equity funds have already collected more capital than Q1’s total.

April was a strong month, with 62 funds collecting $40.4 billion. Of these, the ten largest funds accounted for 75 percent of the total capital raised. AXA Secondary Fund VI, Bain Capital Fund XI and ICG Senior Debt Partners were the largest funds to close in April, securing $9 billion, $7.3 billion and $2.33 billion respectively. The AXA Secondary Fund VI, managed by French firm Ardian, enjoyed the most success, having raised $5 billion more than its target. For more information on the secondaries market, visit www.secondariesinvestor.com.

Fundraising in May remained strong, with 23 funds holding final closes on $31.2 billion. In fact, over 90 percent has been collected from the top 10 funds closed so far in the month. These include Clayton, Dubilier & Rice Fund IX, Onex Partners IV and Thoma Bravo Fund XI raising $6.43 billion, $5.15 billion and $3.65 billion respectively. With ten days till the month end, there is still scope for fundraising in May to surpass April.