Chart of the Week: Private Equity Fundraising in Q1 2014

Strong start points to another bumper year for private equity fundraising. 



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Private Equity International’s fundraising numbers reveal that 145 funds have held final closes in the first quarter of 2014, raising $71 billion.


22 percent of capital raised in the first quarter of this year was obtained from the top five funds, collecting $15.7 billion. GTCR Fund XI was the largest fund to close in the quarter securing $3.85 billion. The North American focused buyout fund held a final close $600 million ahead of its target.


Successful fundraising was largely driven by North-American focused funds, which collected almost half of the capital raised. However, only one North American focused fund made the top five; the remaining four funds targeted either Europe or Asia Pacific.


Funds focused on Asia-pacific had a good start to the year, following limited investor interest in 2013. $9.8 billion was raised from 13 funds in the first quarter of 2014, compared to $5.23 billion from the same period in 2013. Affinity Asia Pacific Fund IV and CDH Fund V were the largest funds to close that target the region, collecting $3.8 billion and $2.55 billion respectively. 


Buyout funds were the most popular among investors, attracting 40 percent of total capital. In fact, four of the top five funds were buyouts, collecting $12.95 billion.



2014 is definitely a strong start for fundraising when compared to the same period in 2013 where 130 funds held final closes collecting $69.3 billion.