New data from Proskauer’s “Under the Microscope” series examines fundraising terms and trends across European and North American buyout funds
NEW YORK AND LONDON, June 23, 2026 – Proskauer today released its 2026 “Under the Microscope” reports on fundraising terms and trends in European and North American buyout funds, providing a comprehensive analysis of key limited partnership agreement terms across the two markets.
Our 2026 Under the Microscope reports analyze key limited partnership agreement terms across buyout funds representing more than $300 billion in capital commitments.
“These reports show a market that is not undergoing wholesale change, but one where sponsors and investors continue to negotiate carefully around terms that affect liquidity, alignment, governance and operational flexibility,” said Nigel van Zyl, partner and co-head of the Private Funds Group at Proskauer. “Our data helps our clients understand where the market has settled and where there remains room