As part of our ongoing benchmarks webinar series, PitchBook analysts recently hosted a conversation around various fund types during market downturns. They examined venture, buyout and real assets funds and how investors can interpret performance and cash flows in previous downturns to build a road map for the current one. In this installment, our speakers discussed:
- Why we expect many VC funds to shift focus to supporting existing portfolio companies and adjust their reserve capital given current conditions.
- How buyout funds tend to issue smaller and fewer capital calls and distributions in a recession, as well as why the current downturn may differ from past instances.
- Why the performance of recent real assets funds vintages is likely to take a hit and, in the short-term, which assets are likely not to be as volatile as others.