Wow! Private equity assets soar to record $3tn

According to the Financial Times the value of assets managed by the private equity industry globally continued to rise last year, hitting a record $3tn despite financial market turmoil and sluggish economic conditions. The results will provide a boost to the private equity industry which has been struggling with difficult conditions for raising new funds....., 

More?  Get the big picture at http://www.ft.com/intl/cms/s/0/9e9e2ae8-da65-11e1-a413-00144feab49a.html#axzz227hKQjDI