Data & Intelligence
Mid-Year 2020 Global Private Capital Industry Data & Statistics
Fundraising for EM-focused private capital vehicles declined by 15%, year over year, to USD34.7b in the first half of 2020. COVID-19 has introduced uncertainty across global markets and led to unprecedented travel restrictions, which have in turn meant delays in fundraising for many GPs.
Nonetheless, many established firms were able to leverage existing relationships to secure new capital, particularly within the venture capital (VC) space. VC fundraising reached 12.3b in 1H 2020, up 57% from the same period in 2019. Sequoia’s China Growth Fund VI (USD2.8b), Lightspeed Opportunity Fund (USD1.5b), and Qiming Venture Partners Fund VII (USD1.1b) were the largest VC funds raised across emerging markets in 1H 2020 and drove China fundraising to USD12.7b.
Continued momentum among tech and VC funds was not confined to China, however. Quona Capital’s Accion Quona Inclusion Fund announced a USD204m final close for its second impact vehicle targeting fintech startups across Africa, Asia, and Latin America. Vickers Venture Partners and India-focused Chiratae Ventures also announced second closes at USD200m and USD194b, respectively, for their latest funds.
These market snapshots contain high-level executive summaries; key data points; and underlying fund, investment, and exit listings.
Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited
Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures
David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group
Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments
Torbjorn Caesar | Senior Partner, Actis
Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company