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European fundraising plummets 40%

Steepest quarter-on-quarter fall for more than three years comes as European firms cope with sovereign debt concerns, low economic growth and increased regulation

The value of private equity funds raised in Europe in the third quarter suffered its steepest fall for three-and-a-half years, according to data from Dow Jones.

A total of $8.9bn was raised by buyout, venture, mezzanine, secondaries and fund of funds vehicles in the three months to the end of September, marking a 42% fall on the $15.4bn raised in the second quarter.

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