Emerging Markets Remain Hot

According to the Emerging Markets Private Equity Association, fundraising for private equity funds focusing on the developing world stands at $35.3B through the first half of 2008, a 68% increase over the same period last year and is on pace to break last year’s year-end record of $59B.

Funds focusing on Asia and Africa have seen the greatest increase, while fundraising for funds targeting Eastern Europe, the Middle East, as well as Latin America respectively have declined.

At last year's Milken Conference, Michael Milken identified emerging markets, and specifically Africa, as an area with great investment opportunities.