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ARTICLE · 18 SEPTEMBER 2024

H1 Fundraising Review

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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Overall, the first half of 2024 was challenging for fundraising across the private fund market to varying degrees among private debt, private equity (PE) and venture capital (VC).

United StatesFinance and Banking
Yasho Lahiri
Yasho Lahiri
Robert B. Weiss
Robert B. Weiss
Kevin Scanlan
Kevin Scanlan
Darina Delappe
Darina Delappe
David Yanvarashvili
David Yanvarashvili
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Overall, the first half of 2024 was challenging for fundraising across the private fund market to varying degrees among private debt, private equity (PE) and venture capital (VC). The first half of 2024 saw a variety of trends in the fundraising landscape for Venture Capital (VC), Private Equity (PE) and Private Debt. H1 was marked by significant shifts in capital commitments, the emergence of dominant sectors and the resilience of certain asset classes amid market turbulence. The wild first half saw an initial public offering drought leading to a decline in VC fundraising, while PE fundraising increased compared to 2023. Private debt, meanwhile, also saw a decline in fundraising, but the focus on resilient sectors provided some stability. This sets the stage for what is expected to be an interesting second half.

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