State of Private Capital Fundraising in 2025

It was another challenging year for fundraising in 2024 and slow deals stunted distribution, however some data points to some pockets of positivity that could support a refresh. Our latest Primer investigates:

• Fundraising efforts in 2024, committed capital, and the deals landscape.

• Consolidation in the industry and the effect on first-time funds.

• The solutions that GPs have been introducing to ease the liquidity squeeze.