Global buyout fundraising in 2010 YTD

by Anna Strumillo

  • 22 Feb 2010
  • PE

Preqin data demonstrates that in 2010 YTD, nine buyout funds have held a final close raising an aggregate $10.2 billion. Four of these funds were focused on Europe, three on North America and two on Asia and Rest of World. The largest buyout fund to reach a final close in 2010 was Triton Fund III, which is targeting investments mainly in Germany and Nordic regions. It exceeded its target by €350 million and raised €2.25 billion, accounting for over 30% of the total capital raised by buyout funds closed globally so far this year.

In terms of funds currently raising, there are 230 buyout vehicles on the road targeting $146 billion. Nearly half of these are focused on the North American market and looking to raise over $80 billion. Asia and Rest of World focused funds account for approximately a third of the funds and are seeking nearly $47 billion while 47 European funds are targeting capital commitments of $18.3 billion. Of all the buyout funds currently fundraising 109 have already had at least one interim close attracting aggregate capital commitments of nearly $89 billion. Blackstone Capital Partners VI, seeking $15 billion, is the largest buyout fund currently in market. The fund is focusing on investment opportunities globally. It takes a generalist approach to industry focus and will invest across a range of industries.

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