The global rate of private equity fundraising remains at its slowest since 2003, however there are some positive signs for the asset class with more general partners holding interim closes on funds during the first quarter of 2011.
There were 92 private equity funds worldwide which reached a final close in the first quarter of 2011, raising an aggregate US$42.3 billion according to alternative assets data collector, Preqin.
This was down from US$47.1 billion the quarter before, however Preqin said the first three months of 2011 displayed some encouraging “signs of life”, with a further 110 funds holding an interim close, raising US$26.3 billion towards their overall targets.
