Bain & Company predicts that private equity transactions will touch a record $20 billion this year, higher than the previous record of $17.1 billion in 2007. Heightened financing in consumer technology space and big ticket investments in real estate and financial services will propel PE activity to hit a new high. "The growth trend indicates that PE investment activity this year will surpass 2007, which was the best period so far," said Madhur Singhal, a principal in Bain India's Private Equity practice.  "The consumer tech space needs more capital to scale up and will continue to attract more private equity," Singhal said.