Private equity fundraising had been increasing steadily since 2010, and 2014 delivered the best climate experienced in years. But fundraising slowed significantly in the third quarter, and fundraising in 2015 is not expected to be as strong as 2014. That said, the market is still quite healthy.

Interestingly, what could been keeping the fundraising numbers lower is that fact that more limited partners are opting to invest in separate accounts, which are not included in the overall fundraising numbers.

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