Private Equity Fundraising By Top 50 Drops

Funds raised by the 50 largest private equity groups dropped for the fourth year in a row as investors continue to prefer targeted investments over the giant buy-out funds of the credit boom, according to a study of the 300 largest firms by Private Equity International. The top 50 raised $704bn over the last five years, more than the next 250 managers combined, but the smaller firms total has been steadily rising, from $524bn in 2009 to $606bn now. CONTINUE AS YOU ENTER @VCCIRCLE

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