New York – The amount of capital raised by U.S. private
equity funds has fallen 10% during the first three quarters of this year,
compared with 2009, according to new figures from Dow Jones LP Source.
The drop
comes despite a slight increase in the number of funds raising capital.
"Although limited partners are willing to support strong performers and
certain niche investment strategies, they are often committing the same size or
smaller amounts than they did during the prior fund-raising cycle," said
Laura Kreutzer, the assistant managing editor of private equity at Dow Jones.
"But for some firms, getting investors to a closing is like trying to sell
dehumidifiers in the middle of the desert. People just aren’t buying."
Related Links:
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