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Laxman Pai, Opalesque Asia:

Global private equity (PE) and venture capital (VC) firms are largely optimistic of their fundraising prospects for the year ahead despite facing an increasingly packed field of cash-hungry rivals, said a study.

"Firms overwhelmingly agreed that competition for funds has increased in recent months, but that fundraising conditions should improve in 2022," revealed a survey conducted by Acuity Knowledge Partners.

Respondents representing over 80 firms spanning North America, Europe, and Asia, reported on their outlooks, concerns, and business plans for 2022. Three-quarters of these respondents have senior roles at their firms, with 87% having over five years of experience in the industry and over half relying on a decade or more of industry knowledge to prepare their responses.

Respondents indicated that, amid the positive fundraising environment, funds available to deploy are likely to increase, with more than half of respondents expecting levels of dry powder to remain high for some time.

According to the survey produced by consultancy, despite many respondents (74%) experiencing increasing competition for funds recently, almost the same number (72%) still believe the quality of fundraising opportunities should improve in 2022; 21% expect it to remain the same.

Regionally, UK- and Europe-based firms are more optimistic about fundraising. Over 80% of respondents from these regions expect an increase in fundraising, while only abou......................

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