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Private Fund Strategies Report

Q3 2021

Private Fund Strategies Report

November 16, 2021

Private Fund Strategies Report
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LPs put their money where the mega-funds are

Through Q3, private capital fundraising totaled nearly $883 billion, putting the year on pace to eclipse 2020's total—and potentially 2019's record. Yet the number of successful fund closings continues to drop dramatically.
The ups and downs of fundraising this year are detailed in our Q3 Private Fund Strategies Report, which also includes a spotlight on fundraising by region and a breakdown of funds by size.

Key takeaways
 
  • Pandemic-related declines in fundraising are declining, as private capital commitments are down only 1% for the year through Q3, compared to 24% for the 12 months through Q2.
 
  • VC’s 2021 fundraising total reached nearly $149 billion globally, driven predominantly by the rise of ever-larger vehicles.
 
  • Private debt fundraising is on pace to exceed the annual total of each of the past three years but with far fewer vehicles—a whopping 82.8% of private debt funds last quarter were larger than their predecessors.

Table of contents
Fund overview 3
Spotlight: Fundraising by region 6
Private equity 9
Venture capital 12
Real estate 15
Real assets 19
Private debt 22
Funds of funds 25
Secondaries 28
Top funds by size 31