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Buyouts’ Q3 2022 fundraising report is now available for download.
Private equity fundraising declined in the third quarter, as overstretched LPs continued to erect supply barriers to proliferating funds.
Some 252 buyout, growth equity, venture capital and other PE vehicles in North America secured $111 billion between July and September, down 20 percent from the second quarter. This marks the second consecutive quarterly dip in capital inflows this year.
In the first three quarters, fundraising hit nearly $410 billion, effectively matching the amount a year earlier, owing to greater inflows in Q3 2022 versus Q3 2021. Over the same period, fund closings, totaling 736 at the end of September, fell 27 percent.
Fewer fund closings resulted in relatively larger capital pools. In the first three quarters, the average fund size was $556 million, compared to $408 million a year earlier, pointing to a stronger LP focus on re-ups with large incumbents.