Private fundraising may be bouncing back
??Amit?? Bhowmik??
Director-Corporate M&A | Strategic Advisor, Global Market Expansion
In 2022 when the market turned, large acquirers pulled up their drawbridges. M&A deals slowed to a trickle.
But judging by Salesforce's $1.9 billion cash purchase of Own earlier this month, even reluctant acquirers are now being tempted by today's discounts.
When accounting for data our analysts still expect to collect, private capital fundraising has halted its decline. GPs raising secondaries or real assets funds are having a particularly better year, according to 150 PE/VC's feedback form on AMWORLD's tertiary research. Fundraising numbers across private capital should settle at around $1.7 trillion for the past 12-month period through Q2, the best result in almost two years. It's still a grind for some—especially in real estate, venture, and funds-of-funds. Closing times for VC vehicles are growing longer, and with LPs being more selective, emerging managers are still having a difficult time.
UK companies, despite their commercial merits, are finding it hard to raise substantial growth capital in series B and C funding rounds...And it means collectively, we fail to reap the rewards of our entrepreneurs. But I want to change that and this government wants to change that.
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