Researcher Spot Oversubscribed PE Fundraising Trend in Q1


April 25, 2013

Private Equity International’s latest quarterly report on global PE fundraising found that the amount raised is stable compared to last year.


The estimated sum of USD 69.3 billion was raised globally, by 130 funds, across all private equity strategies in the first quarter of 2013, according to a release that was published on PE Hub. Last year an average of USD 73.7 billion was raised in each quarter of the year.


Of note, is that several firms raised surplus amounts on their fund targets. The oversubscribed funds trend reinforces the belief that for managers with strong track records and a good story to tell, there’s ample opportunity to attract capital. It is the flight to quality trend that is often evident in PE.


Other findings


– Funds with a focus on investment in North America proved the most popular, securing USD 23.3 billion

– The single largest fund close in the quarter was that of Cinven at USD 6.5 billion for pan-European investment.

– Buyout funds are still the most popular, accounting for USD 28.5 billion in the quarter.

– Venture capital and growth equity funds also demonstrated a strong quarter, collecting USD 17.9 billion.

– Both distressed and secondary funds showed a marked decline relative to fundraising appeal 2012.

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