Bridger PenningtonFund Launch & Investment Expert

2024 was a rough year

7 Mar 2025 · 1 min

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Bridger Pennington on private equity in 2024: AUM shrank for the first time since 2005, deal and exit values rose, but funds raised fell and capital raising was harder than any year in the last three decades.

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For the first time since 2005, AUM in private equity shrunk. This is compounded annual growth rate, the CAGR of AUM in private equity. If you see, it's been growing ever since 2005, but last year it shrunk. All while deal values went up in value, exit values went up, but funds raised went down. 2024 was one of, one of the hardest capital raising years we've seen in the last 3 decades. Yes, harder than 2007, 2008, all the way back to like the dot-com bubble. It's been that tough. If you raised any amount of capital in 2024, good job.