Venture Capital & Private Equity Investment Outlook
VC Dry Powder ($B) by Vintage
PE Dry Powder ($B) by Vintage
$800 B
$1,800 B
$1,600 B
$700 B
$1,400 B
2024 2023 2022 2021 2020 2019 2018 2017 2016
$600 B
2024 2023 2022 2021 2020 2019 2018 2017 2016
$1,200 B
$500 B
$1,000 B
$400 B
$800 B
$300 B
$600 B
$200 B
$400 B
$100 B
$200 B
$0 B
$0 B
2014 2015 2016 2017 2018 2019 2020 2021
2022 2023 2024
2014 2015 2016 2017 2018 2019 2020 2021
2022 2023 2024
• Venture capital fundraising in 2024 exceeded 2023 levels. Private equity fundraising, while anticipated to be lower due to higher interest rates, still surpassed $500 billion. • VC and PE firms hold approximately $650 billion and $1.4 trillion of dry powder, respectively. Favorable market conditions should create a favorable environment for robust M&A activity across sectors.
• M&A activity could surpass 10-year averages as US President-elect Donald Trump's pro-growth policies, lower corporate taxes, and expected deregulation are anticipated to create a deal-making surge in 2025, according to Goldman Sachs CEO David Solomon.
Source: Pitchbook Q3 2024 Global Private Market Fundraising Report and NY Post, 10 December 2024.
6
Made with FlippingBook - PDF hosting