“The climate for recruiting mid and senior-level investment professional talent in PE/VC is currently shaped by a challenging deal environment and strained fundraising landscape, complicating deal execution, according to Adam Kahn, managing partner at Odyssey Search Partners. “Some PE/VC firms face difficulties raising capital or have raised smaller funds,” he said. “Additionally, pressure on returns is scaring PE firms from overpaying on deals, and firms are focusing on portfolio company work and preparing for exits to meet the demands to return capital. This capital constraint can be particularly frustrating for candidates, as career progression in PE is inherently tied to sourcing and closing deals.”