The trouble at Fannie Mae and Freddie Mac, the U.S. mortgage finance companies, may discourage sovereign wealth funds from buying dollar-denominated assets, but the euro is not likely to be the main beneficiary, according to Reuters.
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SAN FRANCISCO and NEW YORK (July 19, 2008)—In the second quarter of 2008, quarterly venture capital investment in U.S. companies slipped below the $7 billion mark for the first time in 18 months.
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The $5 billion San Diego City Employees’ Retirement System is implementing a new 5% target allocation to private equity, and is seeking proposals from discretionary private equity advisors to help initiate and develop a diversified, global, broad-market private equity portfolio.
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Its been nearly a year since the credit crunch began, but the busted buyouts, dearth of IPOs and decline in deal-making hasn’t shaken limited partner’s faith in private equity’s ability to put money to work, as fund-raising as continued at a breakneck pace in 2008.
Private Capital funds raised $132.7 billion in the first six months [...]

Chennai: Venture Capital firms invested $158 million over 26 deals in India during the three months ending June 2008, according to a study by private equity tracking firm Venture Intelligence.
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Hong Kong: New funds raised for private equity investing in Asia dropped 21.5% in the first half of this year, according to a report on Monday, 14 July, as the credit crunch finds a way to push into the region after crippling deals in the US and Europe.
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