Data from PEI Research & Analytics reveals that, during Q1 2015, 151 funds held final closes raising a total of $80 billion. This is approximately the same aggregate amount of capital as was raised in the first quarter of last year, but from fewer funds. Within the quarter, the ten largest vehicles raised a total of $38.9 billion, accounting for 48 percent of total fundraising for the quarter.
Of the top ten funds, those focused on North America make up 42 percent of the top ten aggregate capital, with three funds raising a total of $16 billion. The NGP Natural Resources XI was the largest vehicle to close for the quarter, with a final close being held in January 2015 at $5.33 billion. Funds focusing on two or more regions came in second with an aggregate of $7 billion. Blackstone Energy Partners II led the fundraising in this category, closing at $4.5 billion. Other top five fund closures include American Securities Partners VII, which raised $5 billion; the buyout vehicle, Bridgepoint Europe V, which closed on €4 billion; and the venture capital fund, Baring Asia Private Equity Fund VI, raising $3.9 billion.
Francisco Partners IV and Carlyle International Energy Partners raised $5.4 billion as the only sector-specific funds, targeting energy/oil & gas and TMT, respectively.