Preqin Quarterly Update: Private Equity & Venture Capital, Q1 2017
Many trends from the private equity asset class in 2016 have persisted in 2017 so far. Fundraising has become even more competitive as fund managers attempt to raise capital in a saturated market; the number of funds seeking commitments has increased by 74 vehicles since the beginning of the year and stands at a record 1,908. Since 2013, nearly $1.5tn has been returned to investors and distributions in the first half of 2016 ($257bn) suggest that the full-year figure will surpass the record $472bn from 2015. Despite the competition for investment, the majority of LPs are very liquid as a result of continuing distributions and are looking to maintain, if not increase, their exposure to the asset class.