Private equity funds targeting emerging markets raised $59 billion (€39 billion) across 204 funds in 2007, a 78 percent increase from the $33 billion raised across 162 funds in 2006, according to the Emerging Markets Private Equity Association (EMPEA).
Emerging markets funds have become “a credible, commercial asset class attracting sizable investments from well-known institutional investors, including public pension funds”, EMPEA president Sarah Alexander said in a statement.
