In 2009 to date, 78 private equity buyout funds have raised a total of $95.9 billion in aggregate capital. This is less than half the total raised during the same period in 2008, proof that fundraising conditions, although are improving, are still tough. During 2009, nine buyout funds achieved a final close in excess of $3 billion, garnering a total of $56.3 billion. During the same period in 2008, 16 buyout funds of this size reached final close and together raised $133 billion.
Some of the largest buyout funds to close during 2009 include: CVC European Equity Partners V, which closed in January 2009, with €10.7 billion in capital commitments; At the end of September this year, Hellman & Friedman announced the final close of their eighth fund on $8.8 billion; KKR European Fund III is another large buyout fund which reached its final close during the spring 2009. More recently, in December 2009, Onex Corporation announced the successful closing of their latest buyout fund, Onex Partners III which in total raised $4 billion in capital commitments.
For more information on private equity fundraising, please see Preqin’s Funds in Market product.