Private Equity Firms Raised Record Funds in First Half of 2008

Despite down dealflows and chaos in the banking systems, Private Equity remains an incredibly attractive asset class to invest in.  A record $324.4 billion was raised by Private Equity firms in the first half of this year with investments in distressed assets funds leading the uptick with a 28% rise to $33 billion. This follows up a recent survey by Preqin in which a third of investors surveyed said they were shifting money to distressed funds from buyouts.