Fund raising activity through private equity route witnessed an upsurge in May and touched $12,929 million, but is still 75% lower in value terms on year-on-year basis, a study says. “May brought an encouraging 81% upsurge in the total value of private equity deals, which rose from $7,162 million to $12,929 million in just four weeks,” global deal tracking firm Zyphyr said. This is despite the fact that the deal volume in May was significantly less than that in April, suggesting that there were more high value deals being signed off. In May this year, only 172 deals were announced while in April the number was as high as 257. Notwithstanding the surge in deal value is “still 75% lower year-on-year, against a less significant 52% drop in volume,” Zyphyr added. […]