Asian private equity firms raised $3.3-B in 2003: AVCJ

Asian private equity firms raised $3.32 billion in calendar 2003, up from $2.99 billion in 2002, Reuters reports quoting data from the Asian Venture Capital Journal (AVCJ). The pool of private equity capital under management across the region rose to $97.6 billion in 2003, up from $88.6 billion in 2002. AVCJ expects fund raising to pick up pace in 2004.

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