Global PE fundraising endures weak fourth quarter
Global private equity fundraising ended 2011 weakly, with 108 funds attracting commitments of $52.4 billion in the fourth quarter, the lowest quarterly total since the start of the financial crisis. The provisional figure was marginally below the July-September total of $54.4 billion, although Preqin expects it to rise 10-20% as more information becomes available.
Total fundraising for 2011 came to $262.6 billion as 603 vehicles reached a final close. On average, the length of time a fund spent in the market fell during 2011 from 18.7 months in 2010 to 16.5 months....
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