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Private Equity International’s Q1 Fundraising Report is now available for download.
Fundraising in the first three months of the year delivered the second-highest first quarter total since 2015, clocking a 30 percent increase year-on-year.
Private equity funds held final closes on $124 billion during the period. The average fund size is also the largest in the last five years at $681 million.
The strategy breakdown for the first quarter is in line with with previous years: buyout fundraising accounted for more about 40 percent of the total capital, followed by growth equity funds at 17 percent and secondaries at 15 percent, driven by the $14 billion haul of Lexington Partners‘ ninth flagship in January.
The coronavirus crisis is expected to alter the trajectory of fundraising this year with most GPs delaying their fundraising timetables by three to six months.