The Paul, Weiss Investment Funds Group’s annual survey of recent private equity funds with a minimum target of $2.5 billion shows that the 2026 fundraising market is one of the most limited partner-favorable environments in years, according to Private Equity Law Report.
In “Survey Examines Current State of PE Funds’ Key Economic and Governance Provisions,” PELR reports that fundraising is down year-over-year and there is a significant ongoing distribution overhang. As such, LPs are wielding their negotiating leverage to focus on fees, expenses and offsets, fund governance and general partner conduct.
