Asian fundraising set for record-breaking year

Asia’s private equity report card for the first half of this year is out: fundraising has surpassed last year’s record levels but transaction value has fallen compared to the first six months of 2006.

Asian private equity has continued to attract fresh funds and 2007 could well set a new record for amount of funds raised. In the first half of 2007, $15.4 billion of fresh capital was raised, 57 percent up over the same period in 2006, according to Asia Private Equity Review, a Hong Kong-based data provider.