The private equity industry faces a paradox where experienced professionals with decades of track records are labeled "emerging managers" simply because they're launching first-time funds.

Global private equity fundraising is on track for its weakest year since 2020 — and lowest fund count in over a decade — with just $224.9B raised across 248 vehicles by midyear, according to KPMG’s Pulse of Private Equity Q2’25. The slowdown reflects muted exit activity in recent years, as GPs struggle to return capital to LPs and face tougher fundraising conditions.

Vantager launches to modernize how Limited Partners assess and act on private market fund data—delivering structure, speed, and strategic insight through AI.