Limited partners are expecting a wealth of fundraising in 2019, with a number of mega-funds already in market at the turn of the year.
Advent International GPE IX is the largest vehicle on the fundraising trail, with the Boston-headquartered firm understood to be targeting $15 billion to $17.5 billion. It’s expecting to hold a one-and-done in the second quarter of 2019, Private Equity International reported last month.
BlackRock is also in market with its debut long-term hold fund, for which it is reportedly seeking around $10 billion. KKR European Fund V is the only dedicated Europe-focused vehicle in the top 10, for which the firm is understood to be seeking €5 billion.
Additional mega-funds are just around the corner. London’s Cinven is expected to seek at least €8 billion for its seventh fund and compatriot Apax Partners will return to market early this year. The pair raised €7 billion and $9 billion for their previous flagships respectively.