Chart of the Week: North American recovery picks up pace

 Almost 40 percent more capital was raised for North American private equity investments in 2013 than in the previous year.    



Private Equity International’s fundraising numbers show that 287 North American focused funds held final closes in 2013 raising $124.5 billion. 38 percent more capital was raised for the region year-on-year.

The total was significantly boosted by The Carlyle Group and Silver Lake who both closed mega funds in 2013. Carlyle Partners VI closed in November, securing $3 billion more than its original target of $10 billion. Buyout fund, Silver Lake IV exceeded its target of $7.5 billion by $2.8 billion when it closed in April last year. California Public Employees’ Retirement System (CalPERS), Michigan Department of Treasury and New York City Employees’ Retirement System have all committed to both funds.

The statistics demonstrate continued confidence in developed markets among limited partner investors. PEI’s investor sentiment survey, released in June 2013, revealed that 77 percent of global investors planned to invest in North America over the coming year.

As of 31 December 2013, there are 620 funds on the road with a mandate to invest exclusively in North America. These funds are targeting $172.98 billion from investors on aggregate.

Click here to view the current funds in market.