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Private Equity Buyout Fundraising – February 2013

by Kamarl Simpson

  • 18 Feb 2013
  • PE

Two hundred and sixty-four buyout funds are currently raising capital with a collective target of $232bn, according to Preqin's Funds in Market database. Both the number of buyout funds in market and aggregate target capital has increased significantly compared to the beginning of 2012, in which 236 buyout vehicles were in market seeking $181bn. Of the buyout funds currently in market, 118 have already completed at least one interim close and aggregate capital commitments currently stand at just under $54bn.

In terms of geographical fund focus, 52% of the buyout investment vehicles currently in market predominantly target opportunities in North America, 27% primarily seek investment opportunities in Europe, 11% focus on Asia and the remaining 10% invest mainly in the Rest of World region. The largest buyout fund currently in market is Apollo Investment Fund VIII; the fund managed by Apollo Global Management is seeking $12bn in capital commitments and will also invest in distressed assets and corporate carve-outs.

In 2012, 114 buyout funds reached final close having raised an aggregate $88.7bn, an increase on the previous year in which 117 buyout vehicles raised an aggregate $78.2bn. The largest buyout fund to close in 2012 was Advent Global Private Equity VII, which collected €8.5bn in capital commitments, surpassing its target of €7bn. The fund focuses primarily on upper mid-market investments in the developed markets of North America and Western Europe and selectively on other global markets.

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