A big drop for small funds
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Another 193 middle-market funds closed last year, according to PitchBook’s latest US PE Breakdown. Collectively the funds are worth $161.5 billion—both figures being in line with prior years.
But fundraising at the smallest end of the market didn’t fare as well. Among funds of $200 million or less, only 235 were closed last year, valued at $8.4 billion.