Chart of the Week: Quarterly fundraising in 2014

 Q2 has raised the most capital this year to date.


Last week, Private Equity International revealed that 141 funds have held final closes in the third quarter of this year collecting $70.8 billion. This is only 60 percent of the capital that was raised in Q2. The largest fund closed in Q3 was Lone Star Fund IX which raised $7.4 billion, surpassing its $7 billion target.

In Q2, $117.5 billion was raised from 172 funds. AXA Secondary Fund VI was the largest fund to close securing $9 billion from LPs globally including RAG Stiftung and Florida State Board of Administration (SBA). In fact, the top ten funds to close accounted for 45 percent of total fundraising for the quarter.

In Q1, 171 funds held final closes raising $77.9 billion. Energy Capital Partners III, GTCR Fund XI and Affinity Asia Pacific Fund IV were the largest funds to close during the quarter collecting $5.04 billion, $3.85 billion and $3.8 respectively.

With many more funds still waiting to hold closes this year, Q4 may even exceed Q2's fundraising. Funds such as Hellman & Friedman Capital Partners VIII will be looking to close in the final quarter of the year. The buyout fund has already surpassed its $9 billion target and has raised just shy of $10 billion, with a hard-cap of $10.25 billion.