It's been a stellar quarter for private equity firms, according to a report this week by Private Equity Intelligence Ltd. A total of 139 private equity funds closed during the quarter, raising $155 billion, a massive increase from the $99 billion raised during the first quarter this year. Average fund size has also increased considerably over the past 12 months, from $600 million in the second-quarter 2006 to over $1 billion today. There are currently 213 buyout funds in the market, targeting an aggregate $228 billion. U.S.-focused buyout funds account for both the majority of buyout funds in the market and for most of the capital being sought for buyout funds. Currently, the largest PE funds on the road are Carlyle Partners V, a $17 billion fund managed by the Carlyle Group; KKR Fund 2006, a $16.6 billion global fund managed by Kohlberg Kravis Roberts & Co.; and Apollo Investment Fund VII, a $15 billion fund managed by Apollo Management LP. —Cheryl Meyer
Tags: private equity, Kohlberg Kravis Roberts & Co.
