Tue, Dec 12, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Private equity fundraising on course for best year post-crisis

Wednesday, July 02, 2014

Komfie Manalo, Opalesque Asia:

Private equity funds have raised $190bn in the first six months of 2014, setting them on course to match, if not exceed, 2013’s performance in terms of capital collected, according to PEI Alternative Insight.

PEI said funds globally pooled some $420bn in 2013, the highest figure since fundraising was hit by the financial crisis in 2008.

Historically, more funds close in the second half of any given year, and with some still to announce H1 closings, it looks highly likely 2014 will be the strongest fundraising year for the asset class since 2008.

Dan Gunner, Director of Research and Analytics, PEI said, "At the midway point of 2014, we are witnessing a private equity fundraising world in good health, in most parts of the world. We are particularly seeing Asia-focused private equity picking up again, and investors keen on opportunities in Africa."

Other highlights of the study showed:

• The largest fund closed in H1 was AXA Secondary Fund VI, collecting $9bn • Funds looking for buyout opportunities remain most popular, collecting $94bn. However, venture capital fundraising is looking strong • Successful fundraising was largely driven by North-American focused funds - $78bn was collected by firms looking for investment opportunities in the region.

Gunner went on to say, "Another significant trend has been towards investors seeking greater control over their invest......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. News Briefs - Italy's Carige to sell consumer credit arm to Chenavari, Less than a year after hedge fund coup, East Bay drug maker cuts jobs, looks to move HQ[more]

    Italy's Carige to sell consumer credit arm to Chenavari Italy's Banca Carige aims to sell its consumer credit unit to London-based hedge fund Chenavari by Dec. 6 when a vital 560 million euro ($664 million) cash call ends. Genoa-based Carige must comply by the end of the year with Europe

  3. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  4. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  5. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa