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20/20: Private Markets Fundraising in Focus – Webinar Takeaways

by Andrés Ramos, Content Marketing Specialist – eVestment Private Markets

This week eVestment Private Markets released a new webinar 20/20: Private Markets Fundraising in Focus. Using data sourced through eVestment’s Market Lens, the briefing focused on fundraising for Private Equity and Debt funds from public pension plan investors. The webinar reviewed reported commitment activity through the month of April to understand the impact of the COVID-19 pandemic on fundraising, offered insights on LP investment pacing, and an outlook on the rest of 2020.

Here are some takeaways from the session: 

Private Equity fundraising through April 

  • 2019 fundraising trailed 2018 in terms of number of reported commitments by 34% 
  • Total reported dollar commitments from 1Q2020 ($14.8B) were not significantly different from 1Q2019 reported figures ($15.3B) 
  • Reported dollars committed in April 2020 were ~75% lower than April 2019 

Private Equity Fundraising through April 2020

Source: eVestment Market Lens

Private Equity commentary, preliminary May data, and outlook  

  • Pension investors felt the effects of the COVID-19 Pandemic via the denominator effect and a moratorium on in-person meetings, both of which put a hold on new commitments  
  • Preliminary data suggests reported commitments could total $3 billion across 40 commitments 
  • Pension plans have $27.7 billion of “open commitment opportunities” based on stated target allocations and NAV data 

Private Debt fundraising through April 

  • Excluding outliers, 1Q2020 ($5.8B) reported commitments were ~65% higher than 1Q2019 ($3.5B) 
  • Reported dollars committed in April 2020 were only 3% lower than April 2019 indicating sustained steady demand for private debt 

Private Debt Fundraising through April 2020

Source: eVestment Market Lens

Private Debt commentary, preliminary May data, and outlook 

  • Pension investors are flocking to the asset class which is poised to perform well due to market dislocation and liquidity needs of distressed companies 
  • Preliminary data suggests reported commitments could total $1.7 billion across 15 commitments 
  • Pension plans have $12.4 billion of “open commitment opportunities” based on stated target allocations and NAV data 

20/20: Fundraising in Focus

Watch the full briefing including insights sourced directly from LP plan documents and insights on how GPs are navigating fundraising through the remainder of 2020. 

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