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New GPs raised $26 bln across 226 funds in 2017
Lack of track record, LP re-ups among obstacles
1st-time funds have tended to outperform since 2000
Last year was a blockbuster for private equity fundraising, but emerging managers continued to face challenges: Final closes by first-time funds fell 20 percent from 2016, data provider Preqin reports. That drop reflects overall industry trends. With 2,296 funds seeking $744 billion — ...