Non-U.S. private equity on track to beat ’06

Private equity funds that investing in Asia, Europe, Latin America, the Middle East and Africa raised $21.5 billion in commitments for 107 funds in the first half of 2007, compared with $33.2 billion raised by 162 funds in all of 2006, said Jennifer Choi, director of research of according to a report by the Emerging Markets Private Equity Association, a Washington-based trade group. The funds raised an additional $7.7 billion in July and August, according to association estimates.