 | | (Jenna O'Malley/PitchBook News) | | | This week came with some big fundraising news as EQT Ventures closed its third fund on roughly $1.1 billion, a 66.7% increase in size from its predecessor.
While 2022 has seen the venture ecosystem take a turn for the worse—with fewer and smaller deals and exits—fund sizes continue to get bigger as LPs seek out experienced managers to help them weather the storm.
The median size of US VC funds has grown 38.9% from last year to stand at $50 million in Q3 2022. While some of these vehicles began fundraising before the downturn, the numbers suggest that capital commitments have yet to dry up.
As the saying goes, the bigger the better. But does that necessarily hold true for VC fund returns?
This is The Weekend Pitch, and I'm Leah Hodgson. You can reach me at leah.hodgson@pitchbook.com or on Twitter @LeahFHodgson. | | | | | | | |
| |
| |
| In-house portfolio valuations: Is the reward worth the risk? | | Conducting portfolio valuations in-house is a challenging task. Asset managers must consider and address significant risks around transparency, resources, the complexity of the audit process, and the bandwidth to meet quarterly reporting requirements. All of this leads to increased scrutiny from all parties involved, and any missteps can result in a negative public perception and diminished investor confidence.
Stout's guide to portfolio valuations outlines: - The procedures and policies needed to conduct valuations in-house
- The risks and challenges associated with in-house valuations
- The potential solutions
- The questions and considerations to ask providers
Download the guide now | | | | | | | |
| |
FTX post-mortem: Revisiting signs that all was not right | |  | | (picture alliance/Getty Images) | | | Before FTX collapsed, it spent widely and freely—from lending and investing in other startups to inking long-term marketing deals. News of the crypto exchange's sudden bankruptcy is casting a light on its financial decisions and connections to other entities, more than 130 of which are involved in the bankruptcy.
The spending habits of FTX and former CEO Sam Bankman-Fried were widely known, and investors received additional information about financial ties to other entities. But in retrospect, these details raise questions about what investors knew and how they justified FTX's behavior. | | | | | | | |  | | (MrIncredible/Shutterstock) | | | Deal value for late-stage companies in the US fell to an 11-quarter low in Q3, collecting nearly ___ less than the quarterly high of 2021.
A) $10 billion
B) $20 billion
C) $32 billion
D) $40 billion
Find your answer at the bottom of The Weekend Pitch! | | | | | | Keep an eye out for these insights and research reports coming out this week. - Q3 2022 Healthcare Services Report
- Q3 2022 Global League Tables
- Q3 2022 Allocator Solutions
| | | | | | D) $40 billion
The late-stage venture cycle has felt the impact of volatility more than any other area of the market so far.
To learn more about how current trends are affecting VC valuations, check out our Q3 2022 US VC Valuations Report, which breaks down the data across stages, sectors and more. | | | | | |
This edition of The Weekend Pitch was written by Leah Hodgson and Priyamvada Mathur. It was edited by Chris Noble and Sam Steele.
Were you forwarded The Weekend Pitch? Sign up at pitchbook.com/subscribe. | | | | | |
| |
| | Since yesterday, the PitchBook Platform added: | | 19 Deals | 201 People | 95 Companies | | | | | | |
| |
No comments:
Post a Comment