Private equity funds worldwide raised a combined $405 billion in the nine months ended Sept. 30, down 41.8% from a total of $695.6 billion in all of 2021 and will be down an expected 21.5% the full year of 2022, according to Preqin data released on Wednesday.
Preqin forecasts global private equity fundraising will fall by 2.7% in 2023.
"The global private equity market remains in an adjustment period after the last twelve months, and activity will likely remain weaker across deal flow, performance, and fundraising," said Cameron Joyce, senior vice president, deputy head of research insights at Preqin, in the news release. "We see that as more institutional investors reach allocation limits, fundraisers will look to expand their investor base to newer sources including the high-net-worth private wealth market."
Venture capital funds globally raised a total of $162.5 billion in 2022 through the end of the third quarter, compared to $221.4 billion in all of 2021.
