In the first half of 2019, private funds that closed raised more than $160 billion. The amount of capital raised was similar to the second half of 2018, but substantially above the five-year average of $112 billion. Private equity raised the majority of the funds, with around $100 billion. Credit, real asset and real estate raised around $20 billion each.
The five largest funds in the first half — Advent Global Private Equity IX, Thoma Bravo Fund XIII, Cinven VII, EQT Infrastructure IV and TA XIII — raised around $60 billion.
The health of the fundraising market could also be seen with individual funds that raised money above target and substantially more than the previous fund in a series. The median amount above the target fundraising level was 17.1%. The median increase over the previous fund in a series was a staggering 62.6%.
All of the information was compiled from Pensions & Investments stories. In general, P&I tracks institutional funds that raise more than $1 billion in capital. All of the data can be found in the Private Fund Close database.