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In 2022, GPs began taking longer to close PE funds as exit activity decreased and LPs became more capital constrained as a result. In 2024, exits rebounded strongly both in the US and in Europe, and the distributions back to LPs helped funds secure final closes sooner. The median closing time dropped to 13 months in Q1 compared with the median of 17 months it took for funds that closed in 2024. This trend may reverse again in later quarters if macroeconomic volatility creates a risk-off sentiment that slows exit activity once more.
(Past performance is no guarantee of future results.)
Latest news
US leveraged loans returns turn negative in October
The Bloomberg US Leveraged Loan Index (Ticker: LOAN) has returned -0.26% this month through October 21, reducing its year-to-date return…
M&A activity begins to tick upward
In the third quarter of 2026, acquisition-linked loan volume across North America and Europe reached about $47 billion, up from $30.6 billion in Q2 and $29.5 billion a year ago.
