Optimisim about emerging markets private equity appears to be continuing. EMPEA last week released its data tracking fundraising for emerging markets-dedicated private equity.
2006 saw 162 PE funds raise over $33 billion for emerging market regions, a 29% growth from 2005 levels of $26 billion and 5x the $6.5 billion raised in 2005. All regions witnessed at least double digit year-on-year growth. For more data and analysis, read the both the press release: Release.pdf, and some underlying data: EMPEA_data.xls
The data also shows the emergence of funds that include as a focus “frontier” PE markets, such as Jordan, Libya, Pakistan and Nigeria.