News Digest:

Private equity funds gathered $733 billion in 2021 through various strategies  such as buyouts, venture capital, growth equity and secondaries among others. The top 15 such funds gathered nearly $30 billion over their target of $148 billion that they set out to raise over the 12 months.

Takeaway:

PEI data revealed that while it took all the major funds in North America to collectively raise $178 billion through 2018, it took just 15 of them to cross the threshold in 2021. The funds exceeded their target by an average 23% with many of the large PE firms making the most of the robust demand for their funds.

However, analysts at PEI expect a trickier year in 2022 for fundraising for large and small GPs given the mismatch between high targets and small LP allocations. Some funds admitted to have already overallocated for 2022.

End Notes

Source: https://www.privateequityinternational.com/oversubscribed-funds-raised-almost-30bn-above-their-targets-last-year/