Funds

Chart of the week: TMT still gaining traction after the financial crisis

Technology, media and telecommunications are proving attractive to mega-funds.   

By
PEI Staff
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<p><em><span>Technology, media and telecommunications are proving attractive to mega-funds. </span></em></p> <p><em><span> <br /></span></em></p>

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HgCapital began harvesting investments from its £380 million, TMT sector-focused Mercury Fund, Private Equity International reported this week.

According to PEI Research & Analytics, funds centred on the technology, media and telecommunications sector have built considerable momentum since the financial crisis, with 2016 unlikely to buck the trend.

Around $87 billion is currently being sought by funds in market, including UOB Venture Management’s Sino-Singapore Chongqing Connectivity Private Equity Fund targeting $15 and Vista Equity Partners’ sixth fund ($8 billion).

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