Private equity underwriters (PEU's) raked in investments for "winning" areas of the globe. Six month fundraising figures show:
China - $10 billion (3 times 2010)Brazil - $3 billion (4 times last year)India - $2.5 billion (up 1.5 times)
Going the opposite direction was Middle East/North Africa. The Arab Spring wrung out billions from PEU's. Last year's $3.4 billion faucet turned into a $91 million drip. Was it a lack of dictator cash, nervousness amongst wealthy citizens or did the risk trade dry up?
Emerging markets PEU fundraising is the highest since the second half of 2008. How much of that $29 billion came from capital calls?
The PEU boys from EMPEA have the funds to court the girl from IPANEMA.
