Emerging market fundraising accelerates

Fundraising by firms targeting emerging markets is accelerating, says trade body EMPEA, which predicts the total will reach $40bn by year end, almost double the $23.5bn raised in the whole of 2010.

Private equity firms have already raised $22.6 billion across 89 funds for emerging markets by June this year, and are on course to reach $40 billion, according to research from trade body the Emerging Markets Private Equity Association. The amount is only just shy of the $23.5 billion raised in the whole of 2010, demonstrating the increasing interest in these developing markets by investors.