EMPEA reports that private equity fund raising in emerging markets (Africa, Asia, Europe, Latin America, the Middle East and Russia) is on track to beat 2007 levels — see EMPEA Release. A total of 104 funds have raised more than $35 billion in the first six months of 2008, up 68 per cent from the amount raised in the same period last year. The release further states that fund raising in 2008 so far has been led by Emerging Asia, which EMPEA defines primarily as China and India. In fact, interest in markets such as China and India is even higher this year — Emerging Asia accounted for 75 per cent of total funds raised in the first six months of 2008 against 55 per cent in 2007. China has raised $11.2 billion while India has raised $3 billion.
In a separate study Thomson Reuters reports — Thomson Reuters Release — that fund raising in the Asia Pacific region (excluding Japan) amounted to $17.8 billion during the six months ended June 2008, with Hong Kong scoring the highest with $9.29 billion. India came in fourth — it raised $1.49 billion