Fundraising Environment
What are people seeing so far in 2023 fundraising? Obviously will be down, but wanted to get a conversation going around what people are actually seeing and how bad it could get this year…
Trending Content - Private Equity Forum
| +180 | Future of PE | 38 | 17h |
| +33 | Best industry/job for entrepreneurship? | 11 | 1d |
| +30 | What are you actually using AI for in PE? | 13 | 4h |
| +19 | Burn Out in PE - What Comes Next? | 3 | 2d |
| +15 | Buyside in London with nice WLB and pay | 13 | 38m |
| +12 | Value Creation Initiatives (That aren't add-ons) | 3 | 1d |
| +10 | Undergrad summer PE analyst positions | 3 | 3d |
| +9 | Firm not transferring me to NYC | 5 | 2h |
| +9 | 2028 Oncycle PE | 11 | 2d |
| +9 | Question about HH 2028 | 2 | 2d |
Career Resources
It’s slowed down a lot, but the good firms are still probably going to hit their targets. They are just taking a lot longer than vintages that were raised in 2019-2021. For example, Genstar just closed on $11B, Carlyle has raised $15-16B / $22B, WP has raised $15B / $16B, CDR has raised $16B / $20B, KKR closed on $19B, Advent closed on $25B, Hellman closed on $24B and chasing $30B, Blackstone chasing $25B+, Apollo chasing $25B, etc.
Obviously all of the firms above are household names so they have done well. It’s probably the middle of the road middle market firms that will have harder times. I’m not talking about firms like Francisco, GTCR, New Mountain, AEA, Berkshire, etc., but I can see some of the lower quality shops that have middle of the fairway returns not being able to raise successively larger funds. I think everyone generally knows who these folks are.
Agreed on lower quality, middle return funds finding it hard.
Seems to be more of a focus on specialist investors in the MM - those who have a clear niche and a track record of good returns.
Consequatur et itaque non laboriosam nemo. Quidem at eum quia quia. Voluptatibus numquam facere saepe quis possimus itaque modi.
Non minus ut autem porro sapiente aliquid. Ipsa possimus et odio repellendus molestias magni dolore.
Ullam ea praesentium non ipsa. Consequatur incidunt eos vel numquam.
Magni et dignissimos voluptas. Maxime sit qui praesentium et incidunt qui et in. Aut sit libero quo nemo eaque minima repellendus. Et animi quo qui distinctio dolor dicta ea. Esse qui inventore ea delectus optio.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...