Pitchbook just published the global fundraising numbers for the 12-month period ending in March 2023.
Fundraising was down across most private investing strategies (strategy; capital raised; y-o-y change) …
* Private Equity; $455B; -15.8%
* VC; $202B; -38.4%
* Debt; $197B; -21.9%
* Real Estate; $92B; -42.0%
* Real Assets; $63B; -63.9%
* Fund of Funds; $20B; -50.6%
… With one honorable exception:
* Secondaries; $62B; +39,6%
Fabrica Ventures is a US VC late stage fund specialized in secondaries.
We just approved our Fund II first investment and the commentaries from the Advisory Committee members were on the line of “pinch us to see if we are awake, prices are too good to be true”.
Indeed, the fundraising increase in secondaries is not a coincidence.
Now it is the time to buy great tech startups at great prices.