PRINT THIS PAGE Asian private equity fundraising up by 11 per cent in 200322/01/2004. Source: AltAssets. 
 Private equity fundraising in Asia increased by 11 per cent in 2003 and looks set to continue expanding this year, according to the Asian Venture Capital Journal (AVCJ). Asian private equity firms raised a total of $3.32bn in 2003 compared to $2.99bn in the previous year.
‘Early announcements by numerous funds in Japan, Australia, India, China and South Korea suggest that the pace is likely to pick up in 2004,’ the AVCJ said.
Japan led the expansion in funds raised, with firms including Mizuho Capital, Basic Capital, Jafco and Carlyle Japan receiving a total of $1.36bn in commitments. Sizeable fundraisings elsewhere included HSBC Private Equity Asia’s latest regional fund, which raised $350m.
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