While public financial markets are in crisis, U.S. private equity firms continue to stockpile capital and have picked up the pace of their fundraising.
U.S. private equity firms raised $222.6 billion in 264 funds during the first three quarters of 2008, 11 percent ahead of the $200.4 billion raised by 298 funds in the same time last year.
That is in contrast to the halfway point of this year, when fundraising lagged slightly behind last year's pace. There's also been a slowdown in buyout fundraising. The full-year fundraising record of $313 billion was set in 2007.
Limited partners have been saying that they intend to invest in private equity at a steady pace through the current downturn. Many of these investors have learned their lesson after the venture bubble burst in 2000.
Distressed firms, which are calculated in the buyout/corporate finance category, are seeing strong interest from investors, with 18 funds raising $37.9 billion so far this year, up 28 percent from $29.5 billion raised by 16 funds at this point last year, according to the report. Distressed firms raised a record $48.2 billion in 2007.
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Market Statistics show that in the year 2008 the African Real Estate Sector performed stronger than the US Real Estate Sector, as strong as the European Real Estate Sector with only the Real Estate Sectors of Asia Pacific and the Middle East showing more strenght than the African Real Estate Sector. Whereas the African Real Estate sector was the least affected by the global economic crisis, which indicates that the African Real Estate is the most resilient of the worlds Real Estate Markets and is as profitable as any other market whrereas it is in its infancy and has enormous capacity for growth,growth is inhibited because many global Investors still errorneously perceive Africa as the dark continent to their own peril, because Africa is the new frontier for business.
ReplyDeleteAny savy or prudent Real Estate Investor would know that this is the best time to enter the African Real Estate market, because demand is greater than supply in the sector, the statutory requirements placed on investors are liberal, tax considerations are very good and the continents economies are growing at a phenomenal rate.
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