U.S. PE Fundraising Drops 16% For First Nine Months Of The Year

Thomson Reuters came out with its private equity fundraising numbers which, not surprisingly, show a decline compared to 2009.

So far this year, 338 funds have raised $62.1 billion, according to data from Thomson Reuters. The total is down 16% from the 287 funds that raised $74 billion for the same time period in 2009.

PE firms have been having a tough time with fundraising this year. PE firms raised $41.3 billion globally during the second quarter. This is the lowest total since 2003, according to data from Preqin. Some buyout execs have blamed liquidity and the over-commitment issue among LPs.

However, third quarter showed a rebound with 106 U.S. funds raising $22 billion. This is up 12% from 78 funds valued at $17.2 billion in third quarter 2009, according to Thomson Reuters.

Last week, Dow Jones said that U.S. fundraising fell 10% for the first three quarters of 2010. DJ said that 279 funds raised $68.8 billion, down from $76.7 billion raised by 266 funds in 2009.

Here is the Thomson Reuters data: