Full Speed Ahead For Private Equity Fundraising

Oct 20 2008 | 3:48pm ET

While the public financial markets are in crisis, U.S. private equity firms not only continue to stockpile capital but have picked up the pace of their fund-raising.

Private equity firms raised $222.6 billion for 264 funds during the first three quarters of 2008, 11% ahead of the $200.4 billion raised for 298 funds in the same time last year, according to Dow Jones Private Equity Analyst. That is in contrast to the halfway point of this year, when fund- raising slightly lagged last year's pace, and is despite a slow-down in buyout fund-raising. The full-year fund-raising record of $313 billion was set in 2007.

Distressed firms are seeing strong interest from investors with 18 funds raising $37.9 billion thus far this year, up 28% from $29.5 billion raised by 16 funds at this point last year. Distressed firms raised a record $48.2 billion in 2007.

Mezzanine funds are apparently also having a great year, gathering $36.9 billion across 13 funds, compared to $3 billion across nine funds through the third quarter last year, according to the publication. And the corporate finance and industry-focused buyout segments collectively saw 78 funds raise $103.3 billion, down 12% from the 98 funds that raised $118 billion during the first three quarters last year. Buyout firm TPG Capital helped the overall numbers in the third quarter, disclosing that it had raised an additional $7.8 billion for TPG Partners VI, bring its year-to-date total for the fund to $19.8 billion. The firm also collected $6 billion for TPG Financial Partners.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.