PEI fund statistics reveal increasing appetite for Europe

PEI data reveals rising interest in Europe although total global fundraising has fallen over the past year.

The total amount of capital raised by private equity funds fell by more than 8 percent year on year, according to the latest data by PEI Research & Analytics.  

The data, which is for the year to 17 December, showed that $365.89 billion has been raised in the year so far, compared to $395.33 in 2014.  That figure was down from the peak of $431.81 billion in 2013, the biggest year for capital raising since the global financial crisis.

The total amount raised since the start of 2010 stood at $2,04 trillion, while the number of funds closed so far in 2015 dropped from 719 funds in 2014, to 603 this year.

In terms of regions, North America continued to dominate, although capital raised for the region fell from $157.1 billion in 2014 to $134.5 billion so far in 2015, corresponding to a drop from 40 percent to 37 percent.

At the same time, capital raised for global strategies fell from $132.8 billion to $113 billion, or 31 percent of total capital raised in 2015.

By contrast, the data revealed increasing appetite for European-focused funds, with pan-European strategies rising from $18.2 billion in 2014 to $27.4 billion of capital raised in 2015, equating to a rise from five to seven percent.

Western Europe-focused funds grew from nine to 12 percent, or $35.7 billion to $42.7 billion over the same time frame.

Capital raised for Asia- Pacific strategies ticked up slightly, from 10 percent to 11 percent, or $41 billion in 2015, while Africa and Middle East capital raised grew from $4.1 billion in 2014 to $5.4 billion in 2015.

However Latin America accounted for just $1.6 billion of fund capital in 2015, down from $6.2 billion the previous year and Central and Eastern Europe fundraising fell from $1.8 billion in 2014 to a mere $0.2 billion this year.