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The ten largest closed ended private equity vehicles on the
road or coming to market have an average target size of $10.52 billion, up from
$8.13 billion at the end of 2014. Throughout 2015, the average target size of
the largest ten funds has increased as new large funds have launched to meet
the demand of LPs increasingly looking to invest with experienced managers.
Warburg Pincus launched its $12 billion fund earlier in the
year, making it the joint second largest fund on the road. It has been reported
that KKR North America Fund XII will begin
marketing this quarter and will also aim for $12 billion in commitments from investors.
The largest private equity vehicle currently in market is Blackstone
Capital Partners VII. Initially targeting $16 billion, Blackstone have already
gathered $17.5 billion from investors for buyouts globally.
The average target size for all private
equity funds in market has increased by eight percent since Q4 2014 when the average target size was $391.76 million. Today,
this figure is $423.8 million which shows that the trend of the largest funds
getting larger is indicative of the fundraising market
FOR THE WORLD'S PRIVATE EQUITY MARKETS
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