A recent PitchBook “Analyst Note” discusses challenges facing newbie Fund Managers are facing in these uncertain economic and geopolitical times.
Noting that first-time managers have been riding the venture capital boom, with more than 200 new managers closing venture funds during each year since 2017, PitchBook writes that the tide has turned. With the market facing a downturn, investors are hiking up the premium on experience in the fundraising market. While established managers are still flush with capital, Q1 data shows that emerging managers are already struggling to close their funds.
The report can be downloaded here.