- Second Quarter 2020

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Fund sponsors raise more than $40 billion

by Larry Gray

Well, the pandemic did not have any ill effects on the fundraising total registered during second quarter. Instead, 28 funds reported final closings during the quarter, raising a very healthy $40.2 billion, the fourth-highest quarterly total on record since FundTracker started tracking data in 2007. In addition, the second quarter activity was a welcome step up from the first quarter’s slow start that recorded 22 fund closings and an aggregate fund raise of only $18.8 billion.

As mentioned, the second quarter fundraising total ranks fourth on the all-time list, only trailing the $63.6 billion raised in Q1/2019, the $57.2 billion recorded in Q2/2008, and the Q2/2007 total of $48.1 billion. The quarter’s dollar volume was also substantially higher than the fundraising total in Q2/2019 ($20.6 billion) and Q2/2018 ($28.4 billion). The first-half 2020 total of $59.0 billion is dwarfed by the $84.2 billion raised during the first six months of 2019, but it is comparabl

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