New report says no crisis in private equity fundraising
Is private equity in the doldrums? Is it a spent force? Has the credit crunch forced investors to take a new look at what the asset class is all about? Not so, according to a new report by Private Equity Intelligence (Preqin). It said that private equity’s track record in delivering strong returns has continued to fuel investor appetite for the asset class amongst institutional investors. Confounding some predictions that confidence in the asset class would be knocked by the credit crunch, the report said that private equity fundraising has hit near record levels, with an aggregate total of $163.5 billion being raised over the first quarter of 2008 by a total of 171 vehicles.