Mega Funds Lead Private Capital Fundraising

Discussion in 'Wall St. News' started by dealmaker, Oct 5, 2018.

  1. dealmaker

    dealmaker

    Fundraising for asset classes like private equity and infrastructure is increasingly concentrated among large fund managers.

    • Amy Whyte
    October 04, 2018


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    (Illustration by II)
    Cash continues to flood into the private capital industry – and to a shrinking number of funds.

    Nearly two-thirds of all capital raised during the first three quarters of 2018 went to funds with $1 billion or more, according to Preqin data released Thursday. In total, private capital funds – including private equity, private debt, real estate, infrastructure, and natural resources – have raised $577 billion this year.

    Although fundraising has slowed from last year, when $660 billion was raised in the first three quarters, it is still at a high level compared to recent years: The fundraising totals over the first three quarters of 2016 and 2015 were $548 billion and $520 billion, respectively, according to the Preqin report.

    The total number of funds that have completed raising capital in the first three quarters of this year, however, has fallen sharply to 1,197, from 1,670 in the same period of 2017, the report shows. This 28 percent decline in new funds, compared with the nearly 13 percent drop in fundraising, means they're attracting more money on average.

    https://www.institutionalinvestor.c...5/Mega-Funds-Lead-Private-Capital-Fundraising
     
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    dealmaker

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