VC Raised In 2015 Nears Decade Record; PE Fundraising Slips

VC Raised In 2015 Nears Decade Record; PE Fundraising Slips by PitchBook

How is fundraising evolving?

Introduction

Investors’ perception of risk matters as much as the degree to which risk has materialized. Over the past month, we’ve detailed how the private equity and venture capital investment landscapes have been evolving in response to macro concerns, volatility and corrections in public markets and more. Yet, when we come to fundraising for PE and VC, we must consider the perspectives of both fund investors and managers and how they are adapting to the current environment.

In some ways, PE fund managers have become victims of their own success. They must contend with an immense overhang of dry powder in a competitive dealmaking environment,...