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 $4.6b