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Buyouts’ H1 2024 fundraising report is now available for download.
The pace of North American private equity fundraising remained slow in the first half of 2024, despite an upturn in capital inflows between April and June.
Buyout, growth equity, venture capital, secondaries and other private equity funds raised $254 billion in the first half, nearly matching the results of a year earlier, according to Buyouts data. In the second quarter, inflows totaled $158 billion, up 31 percent from Q2 2023, and greatly improving on the $96 billion raised in the first quarter.
The more robust capital-raising in the second quarter owed mostly to three mega-funds: Silver Lake Partners VII and Vista Equity Partners VIII, both of which closed on $20 billion, and New Mountain Partners VII, which closed on $15.4 billion.
While capital inflows grew between April and June, funding closings declined, as they have for the most part since 2022. Totaling 305 in the second quarter, the number of vehicles fell 12 percent compared with a year earlier. In the first half of 2024, funds wrapped up totaled 598, down 14 percent.
There were more than 3,600 funds active in the North American market as of July 1, collectively targeting $795 billion. The largest funds in market are Blackstone Capital Partners IX, Thoma Bravo Fund XVI and KKR North American Fund XIV.
Check out our interactive fundraising report above for all the details or download the full report here and the data here.
