LP Webinar: 2025 Venture Market Trends & Outlook, By Sadu Capital In Collaboration With PitchBook
Webinar Overview (video below):
In this inaugural LP webinar, Sadu Capital partners host Kyle Stanford, Director of Research, US Venture Capital at PitchBook, for a data-driven briefing on the current state of global venture markets and what it means for LPs.
Kyle walks through PitchBook’s latest numbers on:
The post-2021 liquidity crunch: how 2025 exit value compares to the 2021 peak, and why IPOs and M&A are still far from “back to normal.”
The rapid growth of secondaries and tender offers, and how they’re stepping in as a key source of liquidity for unicorns and long-held private companies.
How large LPs are rebalancing allocations away from public equities into private equity and venture, and how that has evolved over the last 20 years.
Fund performance and vintages: dispersion in IRR, TVPI, and DPI across vintages, why recent funds are still heavily unrealized, and how LPs should read “paper vs. cash” performance.
The AI-driven bifurcation in dealmaking: AI’s share of deal count and value, its impact on non-AI sectors, and how LPs can avoid both FOMO and over-concentration.
Geographic perspectives on returns and opportunities across North America, Europe, Asia, and emerging markets.
The session closes with a candid Q&A on how LPs can use this data to design more deliberate venture programs, think about secondaries as part of their liquidity toolkit, and what to watch over the next 2–3 years in terms of market structure, vintages, and risk/return.
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