Private equity fund-raising continues at breakneck pace
Date: July 15, 2008
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 of 2008, just 3% shy of 2007’s record-setting $137.2 billion in the same period, according to statistics released today by Dow Jones Private Equity Analyst. In the first-half, 185 new vehicles closed compared with 199 funds in the first half of 2007.
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Source: The Deal
