January 8 - Globe and Mail - After another record-breaking year for raising capital in 2007, private equity funds are in for a much tougher slog this year due to continuing effects of the credit market collapse.
A whopping 1,279 new funds are out worldwide trying to raise a total of $698-billion (U.S.), nearly double the amount sought at this time last year when market conditions were much better, says British-based research firm Private Equity Intelligence.
Many funds are holding interim closings, letting them start investing while trying to reach their fundraising targets. Read More.
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