Fundraising

Private equity firms raised close to $177bn in January-March, with buyout funds accounting for the majority.

Capital raised in Q1 2024 surpassed $176bn, a slight decrease on previous years, according to preliminary quarterly figures from PEI data.

The alts giant recorded $8bn of capital from private wealth, including $2.7bn for its private equity strategy targeting individual investors.

The buyout firm is on a path to reach $1trn in total assets in the next five years.

The firm also closed a large secondary deal that raised about $2.1bn, which the firm combines to consider a total fundraising of more than $24bn, sources told affiliate title Buyouts.

International GPs and LPs increasingly view Japan as one of the hottest growth markets for private equity as it gets lifted by macro tailwinds.

Managers with fast-growing portfolios will be best positioned to navigate the difficult fundraising environment, according to Bain & Co.

The PE industry remains upbeat as it addresses slow fundraising, artificial intelligence and ESG issues, among others, according to panellists at PEI's NEXUS 2024 summit this week.

Two first-time managers at PEI's NEXUS 2024 conference share their experiences of starting their own firms and the challenges they have faced – especially trying to convince limited partners to come on board.

A raft of Japanese buyout funds are coming to market simultaneously amid rising LP demand for countries that offer strong DPI.