Chart of the Week: Private equity fundraising at steady increase

The first five months of 2014 have seen a steady increase in private equity fundraising. 


In the first five month of 2014, 280 funds have closed raising a total of $161.18 billion. AXA Secondary Fund VI that closed in March was the largest fund to close to date. The fund collected $9 billion – more than double its initial target of $4 billion. Tennessee Consolidated Retirement System, Ohio Public Employees Retirement System and Florida State Board of Administration (SBA) are some of the LPs that committed to the fund.


In May, 55 funds closed raising more than twice the capital as in January. Clayton, Dubilier & Rice Fund IX, Onex Partners IV and Thoma Bravo Fund XI were the largest funds to close securing $6.43 billion, $5.15 billion and $3.65 billion respectively.


In June so far, 11 funds have raised $7.14 billion. Permira V which is due to close by the end of the week at €5.3 billion would be the largest fund to close in June to date. LPs that have committed to the fund include Minnesota State Board of Investment and University of Michigan. If fundraising continues in this manner for the second half of the year, then 2014's aggregate capital could in fact exceed 2013's total.