Inside fundraising: Gleanings from the first half of 2014
At the halfway point of 2014, what do the private equity fundraising numbers tell us? According to provisional data from AVCJ Research, 82 funds have reached incremental or final closes worth $23.6 billion so far this year. This compares to $25.5 billion raised by 170 funds in the first half of 2013. For 2013 as a whole, 341 vehicles received commitments of $48.4 billion.
Yes, the market remains challenging and capital appears to be gravitating towards a smaller number of managers. The trend is in line with global norms and seems to confirm sentiments LPs have been expressing...
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