Research firm Preqin said 145 private equity funds were raised aggregating USD 48.5 billion, up from the USD 33.7 billion from January-March this year.
It also said that the average time taken for a private equity fund to close declined from 18.5 months in 2011 to 16.7 in 2012, year-to-date, suggesting that some fund managers are finding success in attracting institutional capital.
"Private equity fund-raising conditions remain extremely challenging for fund managers; however, the number and value of interim closes completed in Q2 2012, and the fact that funds are closing quicker on average than last year, shows that investors are still committing capital to funds," Preqin Manager
