Global fund managers raised $100b in first quarter this year: Preqin

Photo: Reuters

The private equity (PE) and venture capital (VC) industry continued to grow in the quarter ended 31 March, but the capital is getting concentrated among a few large fund managers, according to a report by alternative assets tracker Preqin.

Around 219 funds have raised a combined $100 billion in the three months ended 31 March, compared with the $95 billion secured in the year earlier, the report said. While the capital raising number remained almost flat, the number of fund closures has seen sharp divergence, with 340 funds closing in the first quarter of 2018. This indicates that capital is becoming more concentrated among a few large funds.

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