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Chart of the Week: US Fundraising – YTD 2014

US fundraising may face its first dip since 2009

 COW 12-3 411x 

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Data from PERE Research & Analytics has revealed that a total $21.2 billion had been raised from 61 US-focused funds in the first three quarters of 2014. This accounts for roughly 25 percent of the total raised so far across all fund closings in YTD 2014. Q3 led all other quarters so far in 2014 with an aggregate fundraising size of $8.3 billion. The largest US fund to close for the quarter was the Carmel Partners Investment Fund V which raised $1.2 billion in July. 

Strategy-wise, value added funds have raised the largest amount of capital for the US with an aggregate size of $8.4 billion. At the same time last year, value added fundraising had reached $11.6 billion for the first three quarters in 2013, representing a decrease of 27 percent in 2014. The largest value added fund to close for the US was the GreenOak US II which collected $756 million in September.  

Fundraising for the country has lagged considerably from the prior year, where in the first three quarters of 2013, a total of $31 billion had been raised. This decrease of roughly 30 percent in 2014 can be attributed to the lack mega-funds closing. So far in 2014 four funds closed above $1 billion while seven closed the same time last year. 

Notable US-specific funds in market include the opportunistic Carlyle Realty Partners VII which is targeting $4 billion and the value-add CBRE Strategic Partners U.S. Value 7 which is seeking $1.5 billion.