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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE US private equity funds raise $199bn in first nine months11/10/2007. Source: AltAssets. 
US private equity firms raised $199.4bn in 295 funds during the first three quarters of 2007, a 29 per cent increase over the $154.1bn raised in 232 funds during the same period in 2006, according to Dow Jones Private Equity Analyst. Of the funds raised in the first nine months, LBO and corporate finance funds accounted for $155bn, or 78 per cent of the total. Within this area, distressed-focused funds continued to attract ever-more capital, raising $29.6bn, well ahead of the previous annual record of $19bn that was raised in 2006.
A total of 102 venture capital funds raised a combined $19bn in the first nine months of 2007, down more than 11 per cent from the $21.3bn raised in 89 venture funds during the same period in 2006.
'Many limited partners recognise that private equity is a long-term investment,' said Jennifer Rossa, managing editor of Dow Jones Private Equity Analyst. 'They know that consistently committing capital to the asset class over time - and not just when market conditions are good - is the best way to generate a strong return.'
Copyright © 2007 AltAssets
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