Fundraising for First-Time Private Equity Managers Hits a Post-GFC High
ByFirst-time managers provide investors with greater flexibility and offer a glimpse of a more diverse future for private equity investment.
Through May, first-time private equity managers raised $22.4 billion, a seven-year, post-global financial crisis record for the first five months of the year, according to an analysis of the fundraising market by Palico, the private equity fund marketplace that I founded three years ago.
At the current pace, new managers will collect some $54 billion for the full year, or 32 percent more than the post-crisis high of $41 billion achieved in 2014. In 2008 – though the collapse of Lehman Brothers cut short the good times – first-time manager commitments hit an all-time record of $78 billion, equal to 14 percent of the $557 billion raised by PE funds…
Fundraising for First-Time Private Equity Managers Hits a Post-GFC High
