Firms & Funds

DOWNLOAD: Private equity fundraising continues slow pace despite Q3 uptick

Fund closings declined more significantly. Some 554 vehicles were wrapped up in the first three quarters, down 43% year over year.

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Buyouts’ Q3 2023 fundraising report is now available for download.

North American private equity fundraising stayed on a downward path in the first three quarters of 2023, despite a bump in capital inflows between July and September.

Buyout, growth equity, venture capital, secondaries and other PE funds raised a total of $390 billion at the end of September, down 11 percent from $438 billion secured a year earlier, according to Buyouts data.

As has been the case since the market slowdown got underway in 2022, fund closings declined more significantly. Some 554 vehicles were wrapped up in the first three quarters, down 43 percent year over year.

In Q3 2023 alone, $153 billion was raised, up 16 percent from a year earlier. This owed to a handful of major funds, among them Clayton, Dubilier & Rice Fund XII, Apollo Investment Fund X, Warburg Pincus Global Growth 14 and Goldman Sachs Vintage Fund IX.

However, overall fund closings in the third quarter, totaling 160, were down 50 percent year over year.

Check out our interactive fundraising report above for all the details, or download the full report here and the data here.