VC fund closes stretch to 15 months—longest in a decade

For VC fund managers, 2023 was the year of asking LPs for deadline extensions.

Venture firms have, on average, taken longer in 2023 than any other year in recent memory to close their latest funds. The median time to close, 15 months, was a 46% jump from 2021 and the highest rate in at least a decade, according to the Q4 2023 PitchBook-NVCA Venture Monitor. READ MORE