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Private Equity International’s H1 fundraising report is now available for download. Despite coronavirus disruption, fundraising totals through June reached $241 billion, $7.3 billion more than the equivalent period last year, PEI data show.
It’s important to note, however, that the bulk of the money raised in the first half reflects efforts that preceded the covid-19 crisis.
Capital raising for H1 2020 was dominated by buyout funds in terms of capital raised ($90.3 billion). However, secondaries mega-funds from Ardian and Lexington Partners, the two largest funds raised in the period, contributed $28 billion.
With travel restrictions still in place in most geographies, fundraising is likely to remain challenging throughout the year, especially for debut managers.
Private equity funds in market as of 1 July were targeting $765 billion between them. Approximately 16 percent, or $126 billion, of that figure is expected to be raised by the 10 largest funds in market, which include EQT IX, which has a €14.75 billion target, and Thoma Bravo Fund XIV, which is seeking $16.5 billion.