Bloomberg Reports: Private-Equity Firms Raised Record Funds in First Half of 2008
Date: September 26, 2008
Private-equity firms raised a record $324.4 billion in the first half of the year as investments in funds that buy distressed assets increased, according to a report released today.
Firms including Carlyle Group and Oaktree Capital Management LLC exceeded the $323.8 billion gathered in the year- earlier period, according to data compiled by London-based Preqin Ltd. Commitments to distressed funds, which focus on debt and equity of struggling companies, rose 28 percent to $33 billion, while new money for buyout funds fell 18 percent, Preqin said.
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Source: Bloomberg
