During the fourth quarter 2020, 16 fund closings were recorded, representing an aggregate dollar volume of $15.3 billion. This is the lowest amount of fund closings since second quarter 2011’s 15 fund closings and the lowest fundraising dollar volume since first quarter 2013’s fundraise of $8.1 billion.

A total of 47 new investment funds were launched during fourth quarter 2020, resuming the climb after a dip in third quarter 2020 (36 funds seeking $21 billion).