The Pulse of Private Equity – 2/27/2023

Only 13% of LP dollars went to new PE firms


Download Data

Download Report

Download PitchBook’s Report here.

Only 13% of PE fundraising dollars went to inexperienced managers in 2022, according to PitchBook’s 2022 Annual Global Private Market Fundraising Report. That’s the smallest ratio we’ve recorded, though the 2020 ratio was similarly small (15%). The 2021 ratio was 17%. Before the Covid outbreak, it was typical to see experienced managers garner 20% or higher in any given year—its only been the last three years where that percentage has dipped below the 20% threshold.