Dow Jones this morning released 2010 private equity fundraising data for the U.S. market, showing a 16% drop in dollars committed between 2009 and 2010. Overall, 336 U.S. funds raised $86 billion. Venture capital fundraising only fell 14% to $11.6 billion, but that represents the lowest total in seven years.
In semi-related news, I’m told that Cambridge Associates is in the process of recalculating its “private equity overhang” data, which measures the amount of unspent fund capital. Revised figures are expected to be ready by early February. Last May, Cambridge made news by reporting a $425 billion industry overhang, which was 3.5x higher than the overhang ten years earlier (and represented 54% of all capital commitments made between 2004 and 2009).
Here is the Dow Jones data: