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Growth Funds Currently in Market – March 2012

by Nicholas Jelfs

  • 12 Mar 2012
  • PE

Preqin’s Funds in Market product currently lists 200 private equity growth funds which are in market seeking capital commitments. Collectively, these funds are seeking an aggregate $69.5bn in LP capital, and at present, 76 of these vehicles have completed at least one interim close raising a collective $9bn in commitments. A total of 41% if these funds are using the assistance of placement agents to help reach their target.

A breakdown by geographic focus shows that 145 of the 200 growth funds in market predominantly target investments throughout Asia and Rest of World. This is followed by 32 of the funds seeking opportunities primarily across Europe and the remaining 23 funds focusing on North American investments. With respect to the geographical breakdown of the fund managers, the majority of GPs (124) are based across Asia and Rest of World, 41 located throughout Europe, and the remaining 35 headquartered in North America.

The three largest growth funds currently seeking capital are the Actis 4 Fund, Haixia Capital Fund and AgBank (Wuxi) Private Equity Fund. The former is a diversified, multi-continental growth fund seeking $3.5bn in capital commitments. It is being raised by UK-based Actis and targets opportunities throughout emerging markets in Asia, Africa and Latin America.

The Haixia Capital Fund seeks investments in China and Taiwan-based companies that operate throughout mainland China. The fund is targeting CNY20bn and focuses exclusively on industrial and infrastructure companies. The third largest growth fund in market, the AgBank (Wuxi) Private Equity Fund, makes growth investments in a diversified range of China-based companies, and is targeting an aggregate CNY15bn in capital commitments.

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