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As LPs shy away from the UK
post-Brexit, PEI’s Research & Analytics team compares H1 fundraising in
North America and Western Europe to see if a pre-Brexit effect is detectable.
After post-crisis lows, North
America saw a gradual increase in fundraising from H1 2010 to H1 2014, hitting
its peak in 2014 at $92.36 billion. Other than a dip in 2012, a generally low
year for private equity fundraising, Western Europe also displayed a gradual
increase in H1 until 2015.
Despite a slight drop in H1 2015,
North America has had a strong first half of this year, with fundraising
reaching a total of $88 billion, just short of the post-2008 peak. Western
Europe, however, has had a weak start with a total of just $12 billion, just
half of what it had raised by this point a year ago.
The low fundraising in Western
Europe is likely to be due to Brexit uncertainty in the run up to the
referendum, and it appears Europe’s loss in North America’s gain.
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