Nearly $361bn was raised by 617 buyout, growth equity, venture capital and other PE funds at the end of September. In dollar terms, this surpasses activity in the first three quarters of all previous years.
Last year’s results owe in part to GPs and LPs adapting quickly to virtual fundraising, making it possible to wrap up even multi-billion-dollar pools expeditiously.
US and Canadian buyout, growth equity, secondaries, venture capital and other PE funds collected $200bn at the end of September, down 25% from the same time last year.
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US and Canadian buyout, growth equity, secondaries, venture capital and other PE funds raised a total of $162bn in the first half, up 8% from a year earlier.
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.