Market Landscape
The survey found that over two-thirds of respondents reported difficulties in finding new investors.
Factors such as limited liquidity, macroeconomic and geopolitical uncertainty, as well as lower valuations in investors' other portfolios, were all cited as drivers of the trend.
Scott Kraemer
HEAD OF MARKETS, U.S.
Of those surveyed, 1 in 5 CFOs said that finding new investors to back their funds was the most challenging factor to raising a fund today, with firms extending timelines and re-evaluating their targets as they try to navigate a challenging fundraising environment.
“Market conditions have been tough for a while and reading through the insights provided by CFOs in this report confirm that. However, despite the unprecedented challenges private fund managers are facing, the report shows that many are now planning for expansion in the year ahead, which is a sentiment echoed by the clients I’ve been speaking to in recent months.”
James Gow
GROUP MANAGING DIRECTOR, MARKETS
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