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Short Fundraising Periods for Private Equity Firms

by Lola Aboderin

  • 13 Oct 2010
  • PE

The average time taken to raise a private equity fund has increased significantly since the onset of the financial crisis, and now stands at 19.8 months. However, Preqin’s research shows that some fund managers have been able to close funds in a much shorter period of time. UK-based Inflexion, which focuses on buyout and development capital transactions, raised its latest fund in just over four months, between Q2 and Q3 this year. The fund raised GBP 375 million, and aims to invest in 10-15 small to middle-market growth companies with no specific sector focus.

Capiton is a Germany-based private equity firm with investments in large SMEs in German-speaking countries in Europe. Capiton raised its fourth fund in just over seven months, between Q1 and Q3 2009. The fund raised EUR 350 million without the services of a placement agent. It invests in profitable companies based in the German, Austrian and Swiss markets, with turnovers of EUR 50 million and EUR 500 million.

Norwegian firm, HitecVision focuses on companies in the oil and gas, energy and technology sectors of Scandinavia and North America. The firm’s Asset Solutions Fund completed its fundraising in just less than four months, exceeding its USD 320 million target by USD 100 million.

Preqin's Fund Manager Profiles contains information on private equity fund managers and their funds. It also collates data on fund manager activity, fundraising strategies, as well as detailed contact information.

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