US private equity firms have broken last year’s fundraising record with USD263bn raised in 364 private equity funds so far this year, according to industry newsletter Dow Jones Private Equ
US private equity firms have broken last year’s fundraising record with USD263bn raised in 364 private equity funds so far this year, according to industry newsletter Dow Jones Private Equity Analyst.
With the announcement of additional fund closures over the past week, the tally passed the USD258bn record set last year for private equity investment including buyout and corporate finance funds, venture capital funds, mezzanine funds and funds of funds.
‘Despite a slow-down in buyout deal activity due to volatility in the credit markets, private equity fund managers continue to find investors eager to back their funds,’ says Jennifer Rossa, managing editor of Dow Jones Private Equity Analyst.
‘With the present momentum and a full seven weeks left in the year, we could well see fund-raising break the USD300bn mark for the first time.’
Like last year, buyout and corporate finance funds are attracting the lion’s share of inflows in 2007. Thus far, these types of fund account for about USD203bn, or roughly 77 per cent of all capital raised by the industry this year.
Private Equity Analyst, published by Dow Jones Financial Information Services group, is a provider of data, news and analysis for private equity professionals. The business also provides related products include a daily online newsletter and online database, executive conferences, research reports on private equity topics such as terms and conditions, compensation and liquidity trends, and industry directories.