In the first six months of 2014, the largest funds with a focus for each specific region collectively raised $15.47 billion through final closes.
Of these five funds, the North American focused Clayton, Dubilier & Rice Fund IX was the largest, raising $6.43 billion. The fact that the largest fund is targeting this region highlights investor appetite for North American buyout strategies currently. CNP Assurances, Los Angeles Water & Power Employees Retirement Plan and SVG Capital plc are some of the LPs that committed to the fund.
Affinity Asia Pacific Fund IV is the largest Asia Pacific focused fund to close at $3.8 billion. The fund closed in January this year surpassing its target of $3.5 billion. Investor appetite for Asia-pacific returned in the first six months of 2014, with funds focusing on the region raising $14.7 billion- $6.5 billion more than funds focusing on Western Europe. LPs that committed to the Affinity fund include Allstate Investments and Old Mutual Investment Group (OMIGSA).
Only one fund targeting Middle East/Africa has raised $1 billion or more. Equatorial Guinea Co-Investment Fund reached its target of $1 billion.
N.B No globally focused funds are included in the data