Chart of the Week: Private equity fundraising

Private equity fundraising slows after a strong start to 2014




Private equity firms have raised $70.8 billion in the third quarter of 2014 through the final close of 141 funds, signalling a drop in fundraising from the first half of 2014 when $195.3 billion was raised. In the first nine months of 2014, firms have raised $226 billion. However, with Q3’s figure likely to increase by around 15 percent once all data has been collected and with a strong final quarter likely, 2013’s post-crisis record of $415 billion is still in reach.

The largest fund closed in Q3 was Lone Star Fund IX which raised $7.4 billion but surpassed its $7 billion target.Oregon State Treasury, New Mexico Educational Retirement Board and Dallas Police and Fire Pension Fund are some of the LPs that committed to the fund.

Funds looking for buyout opportunities remain most popular, collecting $39.1 billion.

Successful fundraising was largely driven by funds with a global mandate collecting $30 billion from investors this quarter.