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Laxman Pai, Opalesque Asia: By Q3 2024, 800 funds raised a total of $84.8bn, compared to 1,645 funds raising $135.9bn in 2023, said a study.
Notably, capital gravitated towards larger funds during 2024, according to Preqin 2025 Global Report: Venture Capital. This was due to the decrease in new managers who tend to raise smaller funds coming to market.
First-time managers raised $4.6bn across 106 funds (at final close) by Q3 2024, with their aggregate fundraising value down 77% year-on-year from $20.1bn in 2023. The share of venture capital being raised by first-time managers, as a proportion of the total, stands at 5% - the lowest since Preqin's records began in 2001.
The report also showed that venture capital assets under management (AUM) reached $3.1tn by Q1 2024, the latest data available. Asia-Pacific (APAC) accounted for $1.6tn, followed by North America at $1.1tn, and Europe at $0.2tn.
Meanwhile, the higher interest rate environment continued to temper venture capital valuations in 2024, which impacted exits and overall performance.
By Q3 2024, venture capital exits totaled 852 with an aggregate value of $112bn, continuing the downward trend from 2023 when there were 1,969 exits aggregately valued at $270bn.
The APAC region saw the largest drop, with exit volume down from 389 to 142 and value down from $38.2bn to $20.6bn, respectively, in 2023 to 2024 by Q3. North America also recorded a reduction in both volume and value of exits in 20...................... To view our full article Click here
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