The Emerging Markets Private Equity Association or EMPEA shows that in the first half of this year, private capital fund managers raised $15.1 billion for emerging markets-focused funds and invested $13.3 billion. The number represents year-over-year declines of 33 percent and 20 percent, respectively. For more on the outlook for private equity and other issues, we spoke with EMPEA President and CEO, Robert van Zwieten.