Investors bet on smaller private equity funds to break deal drought
Larger funds’ global share of commitments slides as fundraising winter drags on
Larger funds’ global share of commitments slides as fundraising winter drags on

Fundraising by evergreen vehicles has slowed amid worries about exposure to software and AI

Publicly traded vehicles are trading at steep discounts in gloomy sign for broader industry

Popularity of evergreen vehicles with wealthy individuals could ‘fundamentally alter the landscape of private equity’

Investors question if some institutions rubber-stamp deals that could benefit other businesses

Firms are struggling to raise money even as they offer discounts to attract new investors

Firms like Apollo find it hard to shake narratives formed by legacy private equity and distressed debt operations