Data from PERE Research & Analytics has revealed that a total of $56.27 billion had been raised between 101 funds for H1 2014. In Q2 2014, $25.21 billion had been raised between 40 funds.
This quarter, North American and European fundraising once again led all other regions with total capital raised between the two regions reaching $19.65 billion. While both regions raised approximately the same amount of capital, European focused funds actually edged out North American funds, raising about $30 million more in capital. However, despite leading all other regions, European fundraising had dipped significantly from the prior quarter by about a third. Conversely, North American fundraising in Q2 2014 had recovered from the dip it faced in Q1 2014, with an increase of about 77%. The largest North American focused fund for the quarter was the GI Partners Fund IV which closed on $2 billion this past April.
Asia-focused funds also saw an increase in capital raised from the prior quarter, raising a total of $2.1 billion in Q2 2014. This represents a 25% increase from Q1 2014 where a total of $1.7 billion was raised. With the Blackstone Real Estate Partners Asia, having already surpassed its target with a $4.2 billion fundraise so far, it seems that Asia focused funds may outshine all other regions in Q3 2014.