Investors continue to shower technology-focused private-equity funds with cash, as the economic turbulence caused by the coronavirus pandemic makes the sector’s growth prospects and perceived resilience more appealing. A total of 33 private-equity funds focused on these types of investments closed this year through July 6, according to data provider Preqin Ltd., up from 32 funds that closed over the same period in 2019. Collectively, the funds raised $30.1 billion through July 6, a 21% drop from the same period a year ago,...

Source: Wall Street Journal July 23, 2020 11:03 UTC