This past quarter’s private equity fundraising fell short of the USD 100 bn mark for the first time in over a year, according to Preqin’s latest research. It was the lowest quarterly amount of capital raised in three years, when USD 66bn was secured by funds closed in Q3 2011. Despite this, says Preqin, fundraising for the whole of 2014 is still likely to be strong. The research firm attributes the dip to a lack of mega buyout funds announcing closings in the quarter, and the fact that the third quarter of the year is typically a quieter one for the industry compared to other times of the year.
Activity is likely to pick up again towards the end of the year, it said, adding that several first time funds announced closings and interim closing were brisk and indicative of a positive trend in the PE fundrasing market. (Image source: Preqin)