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Time Between a Manager’s Fund Launches
Median years between successive fund launches by the same SEC-reporting adviser, by launch year
Plays the chart through its history. Pauses are where the data set a record or moved most.
Palanor calculation from SEC Form ADV Schedule D (from 2025 BrokerCheck, adviserinfo.sec.gov; subject to the BrokerCheck Terms of Use) and SEC Form D (public domain). A launch is the first Form D of a fund an adviser lists; launches within half a year are one fund family. It counts any next fund of the type, not only flagship funds.
How often managers come back to raise a new fund. Gaps shorten when money is easy to raise and lengthen when investors hold back.
What this chart reads
- Median Years Between an Adviser's Venture Capital Fund Launches (Form ADV, Form D)as “Venture capital”latest 2025-12-31
- Median Years Between an Adviser's Private Equity Fund Launches (Form ADV, Form D)as “Private equity”latest 2025-12-31
Sources
Median Years Between an Adviser's Venture Capital Fund Launches (Form ADV, Form D). Source: Palanor calculation from SEC Form ADV data (from 2025 BrokerCheck, adviserinfo.sec.gov; subject to the BrokerCheck Terms of Use) and SEC Form D data sets (public domain).
Median Years Between an Adviser's Private Equity Fund Launches (Form ADV, Form D). Source: Palanor calculation from SEC Form ADV data (from 2025 BrokerCheck, adviserinfo.sec.gov; subject to the BrokerCheck Terms of Use) and SEC Form D data sets (public domain).
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.