Historically, more funds close in the second half of any given year, and with some still to announce H1 closings, it looks highly likely
2014 will be the strongest fundraising year for the asset class since 2008.
The largest fund closed in H1 was AXA Secondary Fund VI, collecting $9 billion. Michigan State University , RAG Stiftung and Teachers' Retirement System of the City of New York are some of the LPs that committed to the fund.
Funds looking for buyout opportunities remain most popular, collecting $94 billion. However, venture capital fundraising is looking strong .
Successful fundraising was largely driven by North-American focused funds – $78 billion was collected by firms looking for investment opportunities in the region.
2014 is definitely on course to be strongest fundraising year since crisis.