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  "documentTitle": "Global Private Equity Report 2016",
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  "notes": "Includes buyout funds with a final close; represents year funds held their final close. Source: Preqin.",
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      "kind": "callout",
      "text": "LP demand: Hungrier than ever",
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      "text": "Based on data available at the time of publication, global buyout funds that closed in 2015 brought in a healthy total of $175 billion, but it was below the preceding year's total of $197 billion.",
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      "text": "Global buyout capital raised (by fund size) and count of funds",
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      "text": ">$5B, $3-5B, $1-3B, $0.5-1B, <$0.5B, Number of funds",
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      "text": "Global buyout capital raised: $175 billion",
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      "text": "Successive years of strong cash distributions supported LPs' capacity to plow capital back into PE across every region of the world in 2015 (see Figure 1.4). Total distributions have exceeded contributions each year since 2011.",
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      "text": "The modest overall numbers reflected quirks of the calendar as much as anything else and failed to capture the strength of the fund-raising environment. Fund-raising activity gained momentum, resulting in scores of new fund offerings that were close to completion by year-end.",
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      "kind": "paragraph",
      "text": "down by 11%. Funds based in North America posted a down year, but funds headquartered in Asia-Pacific increased modestly. Europe proved surprisingly strong given the EU's currency and debt crises that kept the continent teetering on the edge of recession.",
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      "text": "Notes: Includes buyout funds with a final close; represents year funds held their final close. Source: Preqin",
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      "text": "Number of funds >$5B and Average fund size ($B) by year",
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      "text": "Figure 1.3: Buyout funds raised in 2015 came in less than in recent years, but many more big funds still on the road were near closing",
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