Private Market Fundraising Continues to Decline in H1 2026
According to the Q2 2026 Global Private Market Fundraising report by PitchBook, private capital fundraising remains weak through the first half of 2026. Most strategies saw year-over-year declines for the 12-month period ending June 30, with only private debt showing resilience. Limited partners (LPs) are facing reduced liquidity due to lower exits and distributions in private equity, leading them to either sell holdings on secondary markets or wait out the downturn. The fundraising slump is expected to mark a fifth consecutive year of decline as LPs become more cautious about their commitments. Larger funds with proven track records have gained favor; those raising $1 billion or more accounted for 78.2% of total capital raised in H1 2026, up from 59.1% in 2021.
Topics: LP behavior market conditions PitchBook data private capital