Global PE Fundraising Rises in Q2
Private equity fundraising last quarter rose by 28% to $76.2 billion, according to data released this morning by industry research firm Preqin. That total comes from 82 funds from all over the world, including vehicles focused on buyouts ($33.9b), natural resources ($9.9b), real estate ($8.9b), secondaries ($8.4b), venture capital ($4.7b), fund-of-funds ($7.7b) and mezzanine ($1.2b). Sounds kind of impressive on first glance, but the topline number should not overshadow what is mostly a nnegative report. Among the downers: - The Q209 tally is off more than 60% from the $213 billion raised in Q208 (which was an all-time record). - The number of funds currently seeking capital has dropped by 10% over the past three months. This includes some of the 30 abandoned fundraising efforts so far in 2009, which matches the entire 2008 total.
