A shift away from mega funds?
Chart
Download Data
Download Report
Most PE metrics got off to a slow start in Q1, but middle market fundraising stayed strong. According to PitchBook’s Q1 2023 US PE Breakdown, 41 MM funds closed in Q1, worth a combined $55 billion. The past four years have all seen at least 200 fund closings, and all four years were worth at least $150 billion. At least for now, 2023 is on pace for similar figures.