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Private Investing Surges in June

Hedge funds are helping to replenish pipeline for the red-hot IPO market.

Chewy Inc. is just one of the many recent companies to go public. (Michael Nagle/Bloomberg)
Chewy Inc. is just one of the many recent companies to go public. (Michael Nagle/Bloomberg)

The market for private investments continues to sizzle — and hedge funds are getting in on the action.In the second quarter alone, 62 initial public offerings (IPOs) raised a total of $25 billion. This is the largest number of IPOs in four years and the most capital that was raised

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