PE Fundraising Falls 61%, Lowest Total Since 2004
Private equity fundraising fell off a cliff in 2009, according to figures released this morning by research company Preqin. Nothing shocking here, although it's always good to have data backing up a narrative we pushed for the past 12 months. Preqin reports that 482 global funds raised $246 billion last year, which is down 61% from the $636 billion raised in 2008. It's also the weakest yearly total since 2004. The fourth quarter was actually the 2009 lowpoint, with just $35 billion raised by 75 funds.
7 January 2010•1 min read
