DOWNLOAD: PE fundraising reaches new heights ahead of frenetic 2022

With some $733bn amassed across strategies, PE fundraising showed high resilience in a year rocked by ongoing pandemic disruption.

Click on the top right of the report to view full screen. 

Private equity fundraising reached a new all-time high in 2021, with some $733 billion gathered by funds across buyouts, venture capital, growth equity, secondaries and other strategies.

For the first time since 2018, the number of funds closed has gone up, with 1,384 funds holding a final close in the year ending December 2021. This rise signals that more funds have capitalised on surging investor demand for PE and frenzied exit activity.

Hellman & Friedman Capital Partners X was the largest fund to close last year, at $24.4 billion. The top 10 funds, almost all of which are buyouts, gathered nearly $150 billion between them, or about one-fifth of fundraising in 2021.

The average fund size was also the largest on record at $530 million – up $63 million from 2021 and an almost 50 percent increase on 2017 – as LPs flock to large vehicles raised by established, brand-name firms perceived as safer bets.

Some 3,395 funds in market are targeting $952 billion between them – a record number for funds seeking capital, and not simply a case of the largest funds becoming larger.

Now, with the top 10 funds in market seeking almost $180 billion between them – 2022 is stacked with at least 15 funds targeting $10 billion each – the stage is set for another big year.

Check out our interactive fundraising report above for the other trends and highlights that shaped fundraising activity in 2021.

Download the report as a PDF HERE and download the data HERE.