Private Equity

Private equity has hit an ‘unwanted milestone’

Bain & Company said the lack of firms raising more than $5bn underlines a drop both in the average fund size and the number of funds closing

Yale University is exploring a sale of private equity fund interests from its endowment
Yale University is exploring a sale of private equity fund interests from its endowment Photo: Getty Images

Private equity has hit a new fundraising milestone — but this time, it isn’t a good one.

No buyout fund closed with more than $5bn in the first three months of this year, marking the first time in a decade that the quarterly threshold has not been hit.

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