Private equity emerging managers had a successful campaign during April, raising nearly $4.5 billion, according to data tracked by The Buttonwood Tree. Twenty-five emerging funds were in market during that time.
While the rest of the economy suffered from the COVID-19 recession, private equity fundraising seemed immune. The amount raised by private equity emerging managers dwarfs that of their counterparts in the venture capital emerging markets, who raised only $750 million during the same time.
One fund cracked the billion-dollar threshold; seven others surpassed at least $100 million, something only two emerging VC funds managed to do.
Rubicon Technology Partners raised the most, closing its third flagship at $1.3 billion, according to an SEC filing. The amount was raised ...