U.S. venture fund returns remain negative, but valuations are up and two recent high-profile VC-supported IPOs did well, a PitchBook report finds.
Previous supposedly hot offerings, like Instacart, did nothing to help the tattered new-issue market.
Amid encouraging market performances of other public buyout companies, expect a spate of PE operators to go public, says PitchBook.
Due to high interest rates, among other things, VC investment in new companies and IPO exits are way down from previous years.
The mauled blank check funds have a ticking clock: Deliver promised acquisitions or be liquidated.
