18.7 months in 2024. While the sample size is relatively small more favourable fund terms for LPs, or looking at new LP (16), the expansion is considerable, given that the median sources. It is easier said than done, and a cluster of exits or a fund close time was just over 12 months in 2023. GPs will be evaluating what can be done to reverse this trend, such be redeployed into a fresh batch of funds.