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Buyout Funds in Market – March 2012

by Laura Duce

  • 05 Mar 2012
  • PE

There are currently 252 buyout vehicles on the road, which are collectively seeking an aggregate $193.6bn in capital commitments. Of these funds, 132 focus predominantly on North America investments, 60 funds focus on Europe, and 60 funds primarily target opportunities across the Asia and Rest of World region. US-based fund managers account for almost 56% of all buyout funds currently in market.

Of these 252 funds in market, 97 have already held at least one interim close, and aggregate commitments currently stand at approximately $34.2bn. Seven of these vehicles have held an interim close since the beginning of 2012. The average target size of all currently raising buyout funds is $768mn.

The three largest buyout funds in market are Apax Europe VIII, KKR North American XI Fund, and Carlyle Partners VI, which are targeting €9bn, $10bn, and $10bn respectively. These three largest vehicles alone account for approximately 17% of the aggregate target of all buyout funds in market. Apax Europe VIII makes European buyout investments, with a particular focus on financial and business services, healthcare, media, retail and consumer, technology and telecom sectors. KKR North American XI Fund and Carlyle Partners VI focus on North American investments, both targeting a wide range of industries and sectors.

Over the past 12 months, 98 buyout vehicles have held a final close, collecting total commitments of approximately $77.5bn. The average final close size of these funds is $791mn, and almost 48% of these funds are primarily focused on North America opportunities.

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