Higher interest rates and uncertainty about the future of markets has made private equity and venture capital fundraising the pits so far this year. If the trends continue, 2024 will be one of the worst for those asset managers in several years.

Through the first half of 2024, PE and VC firms globally raised $365.75 billion in new capital, according to data from S&P Global Market Intelligence and Preqin. At that pace, the total amount raised will be about $731 billion, roughly 20 percent less compared to the $919.27 billion raised in 2023. READ MORE