Bloomberg News

Mega Buyout Funds Raise $85 Billion in 2013, Preqin Data Show

January 10, 2014

The largest buyout funds, which fell out of favor after the 2008 financial crisis, have made a comeback after accounting for half of the capital gathered last year, according to London-based data provider Preqin Ltd.

Mega funds, counted as those with more than $4.5 billion in assets, raised $85 billion of the $169 billion collected by leveraged buyout funds last year, the data show. It is the first time since 2008 that such funds accounted for half of the capital raised by firms to invest in buyouts.

Firms such as Apollo Global Management LLC (APO:US), Carlyle Group LP and Silver Lake Management LLC have benefited as investors have become more selective about the managers they back and put more money with top-performing managers. Apollo said yesterday it raised $18.4 billion for its buyout fund, making it the largest pool gathered since the financial crisis. Carlyle collected $13 billion last year for its sixth buyout fund, and Silver Lake raised $10.3 billion.

Buyout fundraising increased 78 percent last year from $95 billion in 2012, according to the data. Buyout funds last year raised the most capital since 2008, when funds gathered $230 billion.

To contact the reporter on this story: Sabrina Willmer in New York at swillmer2@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • APO
    (Apollo Global Management LLC)
    • $27.36 USD
    • -0.26
    • -0.95%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus