Buyout fundraising activity was dominated by a handful of mega-raises in Q1 2018, with two Europe-based firms leading the charge.
The top 10 largest buyout funds amassed $46.4 billion between them in the period, representing 87 percent of the $53.6 billion committed to the strategy. Buyout giants have attracted an increasing proportion of commitments in recent years, climbing from 33 percent of total buyout capital raised in 2014 to 44 percent last year.
EQT VIII’s €10.75 billion haul in February marked the largest fund close in the quarter, followed by the €7 billion BC Partners collected for European Capital X in January. Seven of the top 10 fund closes were for buyout vehicles, two were for growth and one was for fund of funds.
Private equity funds collected $82.3 billion in Q1. Growth equity proved the second most popular strategy, attracting $10.1 billion, while venture capital and secondaries vehicles amassed $7.4 billion and $5.9 billion, respectively.