Global PE fundraising reaches $315b for 2012 – Preqin
Global private equity fundraising reached $315.4 billion in 2012, up slightly on $311.7 billion the previous year, but the number of vehicles reaching a close fell sharply to 698 from 910, according to Preqin. This sense of a flight to quality – something AVCJ Research has noted in its Asia-only statistics since the end of 2011 – is supported by an increase in the number of vehicles that managed to exceed their fundraising targets, up to 40% in 2012 compared to 36% the previous year.
The average length of time taken to raise a fund globally increased to 17 months from 16.2 months in 2011, although it is still an improvement on the post-global financial crisis dark days - in 2010 the...
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