Buyout, growth equity, secondaries, venture capital and other private equity funds raised a total of $81bn between January and March, down 16% from $96bn secured a year earlier.
Buyout, growth equity, venture capital, secondaries and other private equity funds raised $501bn as of December 31, down 21% from $631bn secured in 2023.
In the third quarter alone, inflows totaled $120bn, marking a drop of 37% from Q3 2023 and 26% from Q2 2024.
Private equity funds raised $88bn by the end of March, down 34% from a year earlier. This marked the first time that quarterly inflows have fallen below $100bn since 2020. The number of fund closings declined even more significantly.
Fund closings declined more significantly. Some 554 vehicles were wrapped up in the first three quarters, down 43% year over year.
North American private equity funds raised $228bn of capital in the first half, down 26% percent from a year earlier.
Capital raised totaled $528bn in 2022, down only slightly from the $535bn secured in the robust market of 2021. But fund closings fell to their lowest level since 2017, down 29% from a year earlier.
Some 252 buyout, growth equity, venture capital and other PE vehicles in North America secured $111bn between July and September, down 20% from the second quarter.
A total of 417 buyout, growth equity, venture capital and other PE vehicles in North America secured nearly $255bn in H1 2022, according to Buyouts’ data, down 18% from a year earlier.
Fundraising results in Q1 reverse a trend of major post-pandemic growth. Last year saw the second-highest amount secured on record: more than $503bn.