Fundraising Updates: Commitments Are Sloooooooow

Here's more proof of how tough fundraising is (after yesterday's proof that it's not tough for everyone). Two funds which appear to be safe bets are struggling. One has at a couple of successful exit under its belt, the other focuses on banks, a timely strategy. Blue Wolf Capital, a New York-based private equity firm, has raised $112.1 million from nine investors toward Blue Wolf Capital Fund II LP. The firm raised an additional $4.1 million from nine investors in a separate feeder fund. That fundraise seems to be a problem because the firm held a close on $100 million all the way back in September 2008. Only raising $12 million more in a year suggests to me that the firm will likely lower its fundraising goal from $250 million.

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