PitchBook – Global Private Market Fundraising Report, 2Q 2024

The Global Private Market Fundraising Report for the second quarter of 2024 suggests a potential turnaround in fundraising trends following a decline in recent years. Data indicates a 30% growth in fundraising over the next six quarters, with a projected total of $1.7 trillion by Q2 2024. While some sectors show signs of improvement, others like real estate and VC have faced challenges. Europe has seen positive fundraising numbers compared to North America, with a potential 19% increase in the second half of 2024. The report also highlights the shift towards larger private funds, particularly in tech investing and private debt. Overall, the private funds ecosystem is experiencing negative net cash flows, with distributions falling short of previous years. However, improved dealmaking in 2024 is expected to boost capital commitments and attract LPs to invest in private markets.