Preqin’s research reveals that there are 1,582 private equity vehicles fundraising at present, targeting an aggregate USD 655 billion. 42% of these funds have already had at least one interim close having raised USD 316 billion.
In terms of the number of vehicles currently on the road, nearly half (47%) target the North American market, 28% focus mainly on investments in Asia and Rest of World, whilst a quarter of the funds are seeking investment opportunities in Europe.
The most numerous funds on the road are venture capital funds. There are currently 454 venture funds in the road seeking USD 83 billion in capital commitments. In terms of the capital being sought, real estate funds dominate the market with over USD 150 billion being targeted by 367 vehicles.
The average size of private equity funds on the road is USD 414 million. 157 funds are seeking commitments of USD 1 billion or above, accounting for 46% of the total target capital. The biggest fund currently in market is Blackstone Capital Partners VI, a buyout vehicle seeking USD 15 billion. It is followed by GS Infrastructure Partners II and Madison Dearborn Capital Partners VI, both of which are targeting USD 7.5 billion in capital commitments.
For more information on private equity fundraising, please see Preqin’s Funds in Market database.