Active Fundraising

Allocator relevance: Indicates immediate pipeline opportunity—allocators can prioritize diligence when terms and allocations are still available.

Expanded Definition

Active fundraising implies the manager is in market: meeting LPs, circulating materials, collecting soft commitments, and working toward target close dates and hard caps. The key is distinguishing “active” from “always raising” marketing—real activity should be reflected in process momentum and verified signals.

For allocators and databases, active fundraising should be precise: fund name, vintage, stage, target, and expected closes.

Decision Authority & Governance

Governance requires clear definitions (what counts as active), evidence standards, and expiry logic (if not re-verified, it becomes stale). Decision authority is often most accessible during active fundraising, but routing may be mediated through IR or placement agents.

Common Misconceptions

• Active fundraising means the fund is underwritten and ready.
• Active fundraising equals high quality.
• If a fund is active, it will stay active until final close.

Key Takeaways

• Use “active” as a timing signal, not a quality signal.
• Verify activity and update frequently.
• Pair with capacity and closes for true actionability.