What is in the database?
The Private Equity International database holds live information on institutional investors, fund managers and private funds, including co-investments and other related vehicles. In addition to this, it also holds live information about service providers such as placement agents, investment consultants and fund formation law firms.
What do we mean by private equity?
For the purposes of the Database, private equity is defined as capital raised through limited partnership structures, co-investment funds, separate accounts and private mandates for dedicated programmes of investing into non-listed businesses. This includes equity capital for diversified private equity, buyouts, growth equity, venture capital, turnaround or control-oriented distressed equity investment capital, secondaries and private equity funds of funds and co-investment funds.
Our definition of private equity does not include:
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- Real estate (unless a fund invests primarily in real estate companies)
- Infrastructure (unless a fund invests primarily in energy companies)
- Hedge funds
What strategies do we cover?
- Venture capital
- Growth equity
- Buyout
- Distressed / turnaround
- Debt
- Secondaries
- Fund of funds
- Co-investment
What sectors do we cover?
- Agribusiness
- Biotech / life sciences
- Business services
- Clean tech / renewable
- Consumer goods
- Education
- Energy / oil & gas
- Financial services
- GP stakes
- Healthcare
- Industrials
- Leisure
- Manufacturing
- Natural resources
- Retail
- Sports
- TMT
- Transport
How do we calculate fundraising statistics?
Our quarter-end and full-year fundraising statistics count the final closes of all funds and vehicles with fund-like economics (including co-investments, separate accounts and private mandates) with a closed-ended structure, which meet the above criteria.
Fund in market statistics count closed-ended funds and associated vehicles (co-investments, separate accounts and private mandates) that have launched and/or have held interim closes but have not yet held a final close.
We track the equity capital committed to a fund by institutional investors as well as the equity capital contributed by the GP. Leverage is not included in the size of a fund; we do not count total investable capital.
Our fundraising statistics are all given in a US dollar denomination. To calculate conversion rates for funds that do not have a US dollar-denomination we use an average exchange rate for the year in which a fund held a final close. For funds in market we use the exchange rate for the day in which the statistics are created. For example, Q1 statistics will likely use an exchange rate that is correct as at 1 April. All exchange rates are taken from www.xe.com.
Private debt, infrastructure, private real estate, public funds, hedge funds and open-ended/evergreen funds are not included in our private equity statistics. If a fund has some private equity investments but this is not its main strategy, then we will not include the fund in our statistics.