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LPs Hold the Cards

Negotiating Power in Today’s Fundraising Market

Art, Tech & Capital's avatar
Art, Tech & Capital
Sep 22, 2025
∙ Paid

The pendulum of negotiating power in private markets has swung decisively toward limited partners. In today’s environment, LPs are not only cautious about where they allocate, but also more confident in pushing for favorable terms from general partners.

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