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Private Fund Strategies Report

2021 Annual

Private Fund Strategies Report

February 23, 2022

Private Fund Strategies Report
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VC captures majority of fund count in 2021, while PE dominates capital raised

Private capital fundraising totaled nearly $1.2 trillion in 2021, essentially flat year-over-year. Initial fund count figures, by contrast, declined—a trend echoed across all types, as larger vehicles continued to characterize the global fundraising environment.

Our 2021 Annual Private Fund Strategies Report, sponsored by Altvia, follows the money that flowed through the private fundraising market last year, as different regions and strategies rose and fell against the backdrop of an ever-evolving environment.

Key takeaways
  • Funds over $5 billion drove PE fundraising, which brought in a total of $456 billion and continued to lead all strategies in terms of capital raised.
  • VC set a new high-water mark in fund count in 2021, accounting for 55% of the total—the first time any strategy has captured a majority share.
  • Real estate funds collected more than $126 billion in aggregate amid a dramatic increase in fund sizes; the five largest vehicles accounted for 25% of all capital raised.
  • North America increased its share of fundraising to a record 63% of the total raised—growth that came largely at the expense of Asia, whose share fell to 10%.

This report was sponsored by Altvia. Interested in sponsoring future editions of this report? Visit our media partnerships page to learn more.

Table of Contents
Overview 4
Altvia Q&A 8
Spotlight: Fundraising by region 10
Private equity 13
Venture capital 16
Real estate 19
Real assets 23
Private debt 26
Funds of funds 29
Secondaries 32
Top funds by size 35