Preqin Quarterly Update: Private Equity & Venture Capital, Q3 2017
Q3 2017 has seen a slowdown in private equity fundraising compared to the previous quarter. The number of funds closed in Q3 2017 is 22% lower than in Q3 2016, but the aggregate capital raised by these vehicles has risen 43% from the previous year. Investor satisfaction with private equity remains high and, with capital distribution reaching a record high of $488bn as at December 2016, capital continues to flow into the asset class as LPs look to meet allocations. Despite exit activity slowing in recent quarters, heightened asset valuations are likely to continue to drive such activity going forward.