Fundraising

VIG Fund IV is 69% invested and expected to complete one more deal this year, managing partner Chulmin Lee tells PEI.

These developments, further explored in PEI's Future of Private Equity special report, could present both opportunities and challenges for the industry going forward.

Growing fund sizes and LP demands are putting pressure on fundraising timelines and producing a more onerous negotiation process for advisers.

Fund sizes ballooned across the board last year, averaging $530m, nearly a 50% increase in merely five years, according to PEI data.

The PEI team pored over more than 300 nominations to find this year’s class of 40 future leaders in the private equity industry

In its Q1 earnings call, Ares said it closed a second special opportunities fund at a $6bn hard-cap and will later this year or early next launch a seventh flagship corporate PE fund.

The firm, which has raised €2.6bn for its debut lending fund, estimates the size of this market could grow to $700bn by the end of this decade.

Some 3,801 private equity funds in market are seeking approximately $1.2trn between them, according to PEI data.

Funds in market are seeking an almost 70% increase from the same time last year, according to PEI's latest quarterly fundraising report.

KKR’s $19bn NA XIII, the largest fund in its history, is the first dedicated fund which will implement employee ownership across all majority-owned companies.