PE Funds Raise $11.2B in Second Quarter

Private equity funds closed on $11.2 billion in the second quarter of 2011, according to the research firm Preqin, Reuters reported Monday. Total commitments were up on the $8.9 billion raised in the first quarter, and on the $7.1 billion raised in fourth-quarter 2010, Preqin said. Real estate funds focused on North America were some of the biggest winners: Lone Star Real Estate Fund II raised $5.5 billion at final close, the Och-Ziff Real Estate Fund II raised $840 million, and Pramerica Real Estate Capital I raised 492 million pounds ($786.5 million), Reuters wrote.

ManagersNorth AmericaUSBriefs