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      "text": "The key to GPs' prospects for fund-raising success, of course, was to hit the sweet spot of what LPs were looking to buy. Mid-market buyout funds targeting the US and Europe remained in high demand...",
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      "text": "The persistent imbalance between GP supply and LP demand continues to make fund-raising challenging. The average amount of time GPs needed to raise a new PE fund still hovers at nearly 17 months...",
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      "text": "The number or value of buyout funds on the road during the year divided by the number or value of buyout funds closed that year",
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