Of the 82 private equity funds that reached final close in Q3 2009, 29 primarily focus on investing in North America. These 29 funds accounted for 68% of the aggregate capital raised worldwide during the quarter. Funds focusing on Asia and Rest of World accounted for 18% of aggregate capital raised globally, while European focused funds accounted for 14%.
The $26.6 billion raised by North America focused funds in Q3 2009 represents a 49% decrease compared to the previous quarter. Europe focused fundraising also fell in Q3 2009 compared to the previous quarter, with $5.6 billion in capital commitments raised from 28 funds, down 77% on the $24.7 billion raised by 23 funds in Q2 2009.
In contrast to North America and Europe, Asia and Rest of World focused funds saw an upturn in fundraising during Q3 2009, with $6.8 billion secured by 25 funds, an increase of 172% from the $2.5 billion raised by 15 funds in Q2 2009. Two funds in particular were largely responsible for this revival, namely the $1.6 billion South Korea-based MBK Partners II, and Japan’s $1.47 billion Unison Capital Partners III buyout fund, which both completed final closes during the quarter.
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