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The Weekend Pitch

April 7, 2024

Presented by Intapp

(Drew Sanders/PitchBook News)

This is The Weekend Pitch, and I'm Jessica Hamlin. You can reach me at jessica.hamlin@pitchbook.com or on X @jessicaAhamlin.

I'm back. Is fundraising back?

I spent the past week by the pool in sunny Florida with my Slack notifications paused and my phone on "do not disturb." Monday morning, I returned to my desk in New York City: sunburnt, well-rested and ready to sift through more than 600 emails.

Forty minutes and a cup of coffee later, I had read through what felt like the highest concentration of fund news I'd received in the span of one week since 2022.

So. Many. Significant. Fund closes.

Get the download on Q1 data

(PM Images/Getty Images)

PE and VC dealmakers remain fixated on the exit markets, which are critical to releasing capital that can be funneled into new deals. Despite a few large tech IPOs and PE-backed sales, overall activity was underwhelming.

Dive into our venture capital and private equity Q1 2024 First Look reports for the latest data on exits, fundraising, deals and more.

Trivia

The fundraising environment has been a difficult one for venture firms, with LPs more cautious amid a tepid backdrop of elevated interest rates. According to our Q1 2024 PitchBook Global Venture First Look, how much have VCs raised in 2024?

A) $30.4 billion
B) $22.7 billion
C) $48.9 billion
D) $17.5 billion

Find your answer at the bottom of The Weekend Pitch!

Stay tuned

Keep an eye out for these insights and research reports coming out this week:

Q1 2024 US PE Breakdown
Q1 2024 PitchBook-NVCA Venture Monitor

What tech works behind the
scenes to keep us safe online?

(Stevecoleimages/Getty Images)

Combating digital threats like misinformation, fraud and exploitation is made more difficult by their dynamic nature. Trust and safety technologies, the subject of our recent Emerging Space Brief, are multifaceted protection services that combine advanced tech and processes.

With wide-ranging use cases, they shield users of social media and dating platforms, streaming services, forum and collaborative platforms, online marketplaces, government and public services, and gaming, fintech and edtech online platforms.

Opportunities arise in
organ transplant technology

A combined market opportunity of at least $7 billion exists within the organ transplant space, writes PitchBook analyst Aaron DeGagne. With AI emerging as a key new tool and government involvement in the space, new opportunities are aplenty for investors to jump in.

Our recent Emerging Technology Research dives deep into the space and where those opportunities are for investors.

Quote/Unquote

(John Keeble/Getty Images)

"The private equity asset class is three times bigger than it was 10 years ago. You have an industry that has completely exploded in size and will only continue to grow. So, we are at a pivotal moment where assets have grown exponentially but the traditional exit routes are not keeping up."

—W Capital Partners co-founder and managing partner David Wachter talking to PitchBook News about the growing interest in secondaries. AXA Investment Managers has agreed to acquire the secondaries-focused firm.

Trivia

(PM Images/Getty Images)

Answer: A.

So far this year, VC firms have raised $30.4 billion globally across 293 funds. Here's a first look at our Q1 2024 PitchBook Global Venture First Look.

This edition of The Weekend Pitch was written by Jessica Hamlin, James Thorne, Clarinda Simpson and Jacob Robbins. It was edited by Heather West and Clarinda Simpson.

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PitchBook News - Is fundraising back?

Get the download on Q1 data

Trivia

Stay tuned

What tech works behind the
scenes to keep us safe online?

Opportunities arise in
organ transplant technology

Quote/Unquote

Trivia

Older messages

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VC's holding pattern

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PitchBook News - Is fundraising back?

Get the download on Q1 data

Trivia

Stay tuned

What tech works behind the scenes to keep us safe online?

Opportunities arise in organ transplant technology

Quote/Unquote

Trivia

Older messages

You Might Also Like

What tech works behind the
scenes to keep us safe online?

Opportunities arise in
organ transplant technology