Preqin’s Investor Intelligence currently tracks 933 investors that are looking for private equity fund opportunities immediately, of which 68% are looking to commit to North America-focused funds. Public pension funds make up the highest proportion of investors expecting to invest in the region (21%), followed by fund of funds managers (17%), private sector pension funds (11%) and insurance companies and foundations (9% each).
In terms of location, domestic investors account for 67% of LPs looking to commit to North America-focused vehicles over the next 12 months. Investors based in Western Europe represent 18%, followed by countries within the Nordic region and the Far East (5% each). Three percent of investors expecting to commit to North America-focused vehicles are based in the Middle East.
Just over three-quarters (78%) of investors looking to commit to North America-focused vehicles expect to commit to buyout funds, while almost half expect to commit to venture capital vehicles (46%). Growth and distressed debt vehicles account for 45% and 40% respectively.
Of LPs planning commitments to private equity funds in North America, just over a third (34%) will commit to a first-time fund, while 18% would commit to a fund led by a spin-out management team. Just under half (49%) of LPs will commit to a fund before it has held a first close, and 29% would consider doing so.