Private equity fundraising and investment in emerging markets rebounded in , aided in part by increased activity in developed markets, according to new data from the Emerging Markets Private Equity Association.

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Drawn by the promise of a young population and growing middle class, investors poured a record amount of money into funds targeting Sub-Saharan Africa during Tensions between Russia and Ukraine appear to have spooked investors. Fundraising in Russia also dropped steeply.

Globally, investors are looking to emerging markets as a source of revenue growth. Last month, former U. Treasury Secretary Timothy Geithner, now president of Warburg Pincus, said the U. Subscribe Now Sign In. DOW JONES, A NEWS CORP COMPANY. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. SHOW ALL SECTIONS HIDE ALL SECTIONS.

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Here are some highlights from the data: By Hillary Canada Biography. Wall Street Journal U. Subscribe Now Sign In WSJ Membership Benefits Download WSJ Apps Customer Center Legal Policies.

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