Venture Capital & Private Equity Investment Outlook
VC Dry Powder ($B) by Vintage
PE Dry Powder ($B) by Vintage
$0 B $200 B $400 B $600 B $800 B $1,000 B $1,200 B $1,400 B $1,600 B $1,800 B
$0 B $100 B $200 B $300 B $400 B $500 B $600 B $700 B $800 B 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
2023 2022 2021 2020 2019 2018 2017 2016
2023 2022 2021 2020 2019 2018 2017 2016
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Dry powder for VC and PE has reached record levels, exceeding $700 billion for VCs and $1.5 trillion for PEs. This abundance of available capital is particularly of interest for fintech companies, with vast capital available for both fundraising and exits. Additionally, fintech-focused VCs are on the rise, with several significant fundraising rounds targeting various segments. However, converting this dry powder into actual investments may rely on the resurgence of strong exit opportunities for VCs through IPOs or M&A activity – something that is picking up significantly in 2024.
Source: Pitchbook as of March 2024.
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