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Startup Investment to Keep Soaring After Record Year

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Investment in closely held technology companies is set to keep rising after hitting a record last year, as more funds that have traditionally invested in public markets chase the lofty returns being generated by startups

, according to a new report.

A survey of 95 institutional and public equities investors by data firm PitchBook showed that 59% plan to “significantly increase” or “slightly increase” their allocations of capital to private market companies over the next five years. Just 6% planned to trim them.

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