Greetings, Term Sheeters. This is finance reporter Luisa Beltran, subbing for Allie.
It’s time to take the temperature of the venture and private equity sectors, and we’ve got some new numbers.
“Global funding has increased year over year for the past three quarters, driven primarily by billion-dollar-plus rounds into AI research labs as well as data and infrastructure providers in the sector,” Crunchbase said in the report.
On the private equity side of things, fundraising among PE firms continues to drag. Global PE funds have collected $223 billion so far in 2025, on pace to fall short of last year’s performance, when PE pools accumulated $551 billion for all of 2024, according to research and data firm PitchBook. US funds have raised $149 billion so far in 2025, also below last year’s pace, when PE pools collected $333.4 billion.
“We need to see a strong pick-up in terms of exit count if we want to see the fundraising slowdown come to an end. And given that most exit activity is in a wait-and-see mode, you likely won’t see fundraising activity pick back up until 2026,” Walters said.
See you Wednesday,
