EMPEA today announced private equity and venture capital fundraising in 2014 increased year-over-year across all five major emerging market regions – Emerging Asia, Central and Eastern Europe and the Commonwealth of Independent States, Latin America, the Middle East and North Africa, and Sub-Saharan Africa.

Fund managers raised US$45 billion for emerging markets-focused vehicles in 2014, a 16% increase compared to 2013. The increase was particularly salient in Latin America and Sub-Saharan Africa, where fund managers raised US$7.8 billion and US$4 billion, respectively, more than double the annual totals for 2013. For Sub-Saharan Africa, 2014 fundraising totals for the region were the highest recorded since EMPEA began tracking fundraising statistics in 2006, and nearly double the previous record of US$2.6 billion raised in 2006.