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2023 Annual
Global Private Market Fundraising Report
March 5, 2024
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Weak fundraising figures could lend power to LPs
Last year was far from a record moment for fundraising. Fund counts decreased by 48.4%, driven by LP concerns about a lack of portfolio exits and VC valuation fluctuations.
In our 2023 Annual Global Private Market Fundraising Report, we show that the difficult fundraising environment may begin to dissipate in 2024 as the on-paper denominator effect breathes its last few breaths. In 2024, LPs will hold the keys to the fundraising kingdom.
Table of contents
Weak fundraising figures could lend power to LPs
Last year was far from a record moment for fundraising. Fund counts decreased by 48.4%, driven by LP concerns about a lack of portfolio exits and VC valuation fluctuations.
In our 2023 Annual Global Private Market Fundraising Report, we show that the difficult fundraising environment may begin to dissipate in 2024 as the on-paper denominator effect breathes its last few breaths. In 2024, LPs will hold the keys to the fundraising kingdom.
Table of contents
| Overview | 4 |
| Spotlight: Funds beyond the numbers | 6 |
| Private equity | 8 |
| A word from RSM | 11 |
| Venture capital | 13 |
| Real estate | 16 |
| Real assets | 19 |
| Private debt | 23 |
| A word from Adams Street Partners | 26 |
| Funds of funds | 28 |
| Secondaries | 31 |
| Top funds by size | 34 |