PE Fundraising Falls To Six-Year Low
Private equity firms might have ramped up their deal-making activity in Q3, but it wasn't on the heels of raising new funds. According to new data released this morning by Preqin, private equity firms raised less fund capital last quarter than in any other quarter since Q4 2003. The Q3 2009 figure was $38 billion, down 45% from the $84 billion raised in Q2, and a whopping 82% from the high-water mark of $208 billion set in Q2 2008. It's important to note that Preqin calculates its numbers by including all of a fund's committed capital in the quarter in which it holds its final close. For example, that means that the Q3 figures include $8.8 billion for Hellman & Friedman's new fund, even though
1 October 2009•1 min read
