According to preliminary figures released this week, Preqin said 185 private equity funds closed on $73 billion in capital during the third quarter. That amount was down 49% from the previous quarter and off 30.5% from the third quarter a year ago.
The firm says it’s the lowest quarterly amount raised since Q3 2011.
Buyout funds raised $30.8 billion, followed by real estate ($16.6 billion), growth ($7 billion), venture capital ($6.5 billion) and infrastructure ($3.7 billion).
Preqin noted the total is expected to rise 10-20% as more information becomes available.