PitchBook November 07, 2014
PitchBook’s most recent PE Breakdown and U.S. Venture Industry reports reveal that the fundraising environment across both PE and VC is still thriving on the whole. On the PE side, despite declining totals in capital invested and fund count, LPs helped 88% of U.S.-focused PE funds hit their targets during 3Q 2014. Simultaneously, VC vehicles focused on both early and late stage deals are pushing a divide in fund size, with micro-funds proliferating and a considerable cluster of $1 billion+ vehicles closing. LPs seem happy to continue providing more and more capital to both PE and VC firms, albeit to funds with clearly defined strategies and more reasonable goals. The video above provides an update of the most notable LP commitments of 3Q; they are also recapped below. As for the reports, you can find them here.
If you’d like additional data on LP commitments, fundraising trends and specific fund returns, book a demo of the PitchBook Platform today.