Private Equity Fundraising in Q1 2010

by Helen Wilson

  • 01 Apr 2010
  • PE

The private equity fundraising figures for Q1 2010 show a 5% increase from Q4 2009 in aggregate capital raised, with $50 billion raised by 79 funds compared to the $48 billion raised in the last quarter of 2009. Primarily North American-focused funds raised the most capital, with 37 funds raising $21.4 billion. The largest primarily North American-focused fund to close in the period was Alinda Infrastructure Fund II, a $4 billion infrastructure fund raised by the North American-based firm Alinda Capital Partners.

21 funds focused primarily on Europe raised $14.6 billion, while the same number of Asia and Rest of World-focused funds raised $14.5 billion. The largest fund to close in the quarter, the $5.2 billion Morgan Stanley Real Estate Fund VII Global, is primarily focused on Asia and Rest of World, although the real estate fund will also allocate capital to the US and Western Europe.

The aggregate target of funds currently seeking capital has fallen by $55 billion over Q1 2010 as some funds have been placed on hold or abandoned and others have reduced their targets. At the beginning of Q2 2010 there are 636 vehicles on the road, compared to the 691 on the road at the beginning of Q1 2010.

The average length of time spent fundraising has continued to increase, with funds that have closed in 2010 so far taking an average 19 months to close, more than double the length of time taken by funds closed in 2004.

For more information about fundraising in Q1 2010 please see our Q1 2010 Private Equity Fundraising Update.

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