Private equity firms worldwide are in position to raise $200 billion this year with an estimated 12,000 new fund commitments, said Nick Arnott, managing director at Private Equity Intelligence, which surveyed about 2,700 limited partners in its database. Mr. Arnott said the anticipated $200 billion compares with $143 billion raised in 2004. The firm's data shows private equity firms raised about $104 billion through June 30, he said. About $72 billion of that was raised by buyout funds of at least $2 billion, Mr. Arnott said. He expects the trend to continue throughout 2005, with large buyout funds raising more than venture funds and emerging managers.
North American limited partners provide 63% of the industry's funding globally, followed by Europe with 29% and Asia, the Middle East and Australia with a combined 8%, according to the report. It estimated that Europe, Asia, the Middle East and Australia will experience major private equity growth during the next five years.