Small funds the norm: 42 new investment funds launched during Q1 2020
A total of 42 new investment funds were launched during first quarter 2020, down after a year-end high of 53 funds launched during fourth quarter 2020. Although first quarter 2020 looks a lot like first quarter 2019 with the same amount of funds launched, there is a significant difference in the fundraising goals. First quarter 2020 has an aggregate fundraising target of $20.9 billion, half of first quarter 2019’s fundraising target of $40.9 billion. The first quarter 2020 total is even less than first quarter 2018’s aggregate of $24 billion and first quarter 2017’s aggregate of $26 billion.
The Americas strategy leads first quarter 2020 by a landslide for the geographic focus, with 25 new funds with a targeted fundraising volume of more than half of the quarter total at approximately $12.4 billion (58.9 percent). The largest fund launched during first quarter 2019 also had an Americas investment focus. With six funds launched during first quarter 2020, Asia Pacific was