Research

Market at a glance: Fewer North American PE funds are securing big money

As of April 29, 283 US-based buyout, growth equity, mezzanine and other PE funds collected a total of $86.1bn, down 24 percent from the $113.5bn secured during the same period last year.

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By Matthew Cutler and Kirk Falconer

Private equity fundraising so far this year is seeing comparatively fewer offerings pulling in significant amounts of capital.

As of May 31, 214 North American buyout, growth equity, private debt and other PE vehicles wrapped up fundraising, down 5 percent from the same time in 2019. Closings brought in $173.5 billion, however, which is up 22 percent year over year.

Francisco Partners’ sixth flagship tech fund led closings in May, raising $7.45 billion. It was followed by KKR’s dislocation opportunities fund, which secured $2.8 billion, and Aquiline Capital Partners’ fourth financial services fund, which secured $2 billion.