WSJ: Private Equity Fundraising In Asia Down in 2012

(Wall Street Journal) Private-equity fundraising and transactions decreased in almost every country in Asia during the first half of 2012, including China, as weak markets make IPO exits tough while continued high valuations put off investors, according to data from industry publication Asian Venture Capital Journal.

China continued to dominate fundraising, however, with local currency funds taking up a larger share of the total.

While the biggest funds like Kohlberg Kravis Roberts & Co. and TPG Capital continued to raise ever-bigger Asia-focused funds, fundraising in the region reached $26.2 billion in the first half of this year, a 23.4% drop from the same period a year ago and the lowest level since 2009. Less than 700 funds were closed in the period. Read More at the Wall Street Journal