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Private Fund Strategies Report

2020 Annual

Private Fund Strategies Report

February 24, 2021

Private Fund Strategies Report
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VC fundraising soared and emerging managers struggled in a strange 2020

LPs allocated more than $870 billion to private market funds during 2020. On one hand, that marks a 20.7% decline from the year prior. On the other, it's a sign of astonishing market resilience in the middle of a pandemic. PitchBook's 2020 Annual Private Fund Strategies Report drills down much deeper to examine how fundraising trends shifted across several different strategies.

Key takeaways include:
  • Capital raised for VC funds increased 20.4% in 2020, while capital raised for PE funds declined 31.8%.
  • The secondaries market surged, with capital raised soaring to $96.6 billion, up 278.3% year-over-year.
  • Funds closed and capital raised by emerging managers both fell to their lowest points since the global financial crisis.

This report was sponsored by Altvia.

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