Private equity fundraising slowed in 2018; 508 funds raised a total of $358.3 billion, compared with 757 funds that gathered $473.2 billion in 2017, according to PEI data. Part of the reason is the cyclical nature of the market.
Buyout funds (63 percent) dominated fundraising, followed by venture capital (12 percent) and growth funds (11 percent).
Six of the 10 largest private equity funds to close in 2018 were region-specific. These include The Carlyle Group’s $18.5 billion fund VII for North America and Hillhouse Capital Management’s $10.6 billion Fund IV for Asia.
Fundraising for emerging markets hit a 10-year low in 2018, with just $1.32 billion raised in the MENA, Latin America and sub-Saharan Africa regions combined.
Download the full presentation here.
Download the data here.