Summary: S&P Global Market Intelligence saw global private equity fundraising declined in the first half, with capital raised amounting to $365.75 billion.
Key highlights from the analysis include:
- If the fundraising pace continues at the same rate for the remainder of the year, then 2024 will mark a roughly 20% decline compared to the $919.27 billion raised in 2023.
- The number of funds closed is also on track for another down year, with 704 reported in the first half compared to the full-year 2023 total of 2,590.
- Global private equity fund launches totaled 365 in the first half of 2024, down 47% from the first half of 2023.
- US private equity firms accounted for six of the top 10 largest fund closures in the first half.
- Leading global private equity fundraising in the first half was EQT AB (publ) and EQT Partners AB's EQT X fund, which closed on $23.6 billion and was oversubscribed by $536 million.
See the full analysis here by S&P Global Market Intelligence