Private equity fundraising is surging with the industry on pace to challenge its best year ever for gathering capital.

Private equity funds world-wide, including venture capital vehicles, closed on $459bn this year through June, the highest sum for the period in at least the past five years, according to data from Preqin. The tally is about 51% above the $303bn raised in the same period of last year, when the Covid-19 pandemic briefly interrupted what had been a booming market for private equity and venture funds. READ MORE