Not a good time to raise your first fund
Download PitchBook’s Report here.
As expected, Q1 fundraising totals were soft, according to PitchBook’s PE Breakdown Report. Just 46 funds were closed totaling $45 billion, and much of that was cinched up in January or February. For context, last year’s figures were 249 funds totaling $315 billion, and there’s an outside chance that Q1 2020 will turn out to be the best quarter of the year.