Buyout Fund-Raising Plummets in Q1

Buyout fund-raising fell off a cliff last quarter, according to preliminary data from Thomson Reuters (official numbers come later this month). Forty funds managed to secure just $17.24 billion in Q1, compared to 117 funds raising $99.71 billion during the same period in 2008. For the long division-challenged, that represents decreases of 65.81% and 82.71%, respectively.

To find a similarly-slow quarter, you need to go all the way back to Q1 2004, when 54 funds raised $17.95 billion.

The aforementioned data is global, and covers all buyout, recap, turnaround and mezzanine funds. Thomson Reuters also found similar declines for a broader data set, which included additional categories like distressed, energy, funds-of-funds, secondaries, real estate and timber.

Both sets of figures are available on a spreadsheet that you can download by clicking here.