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The first half of the year broke records at VC firms, but at the same time, most people we talked to expected fundraising to slow by the end of the year. Raising money is getting weird as it slows down.
By weird, that's right, mostly unpredictable. GP still have the upper hand in negotiations withLPs, which is a good sign, according to an attorney focused on firm fundraising at Mintz.
The period from launch to initial fund close has been extended. It's taking longer to raise money.
Data from PitchBook supports Harris' statement. A senior analyst at PitchBook told me that the data shows that fundraising will be lower in the third quarter than it was in the second quarter.
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