Private Equity Fundraising Takes It On The Chin
Private equity funds, including venture firms, have been able to raise just one third of what they did last year.
Fund raising through midyear is off 64 percent from the first six months of 2008, says Dow Jones Private Equity Analyst.
Over the period, 173 funds pocketed $54.9 billion so far in 2009, down from $152.7 billion.
Included in the total are 51 venture-capital funds, which raised $5.1 billion, compared with 13.6 billion last year.
The one bright spot in private equity was secondary funds – which purchases investment stakes from limited partners at a discount. The category set a new record raising $13.9 billion.
Private equity funds, including venture firms, have been able to raise just one third of what they did last year.
Fund raising through midyear is off 64 percent from the first six months of 2008, says Dow Jones Private Equity Analyst.
Over the period, 173 funds pocketed $54.9 billion so far in 2009, down from $152.7 billion.
Included in the total are 51 venture-capital funds, which raised $5.1 billion, compared with 13.6 billion last year.
The one bright spot in private equity was secondary funds – which purchases investment stakes from limited partners at a discount. The category set a new record raising $13.9 billion.
posted by Mark Boslet at 4:30 PM
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