I'm curious to get this forum's take on the current fundraising environment (particularly from those that may have raised in the last 6 months or perhaps investors that have changed their allocations or filters)

When you look at broader PE fundraising, things have obviously dipped significantly since the raises in interest rates and fundraising highs of late 21 and early 22. Established managers and outperformers are still at large having successful raises but there is clear deterioration for emerging mangers, etc. (not to mention VC which is another story)

I juxtapose this with the recent round of ETA conferences across schools where the rooms are packed, and investors are abundant. I'm not currently raising but may be back in the market soon for a second round-trip and I'm curious the experiences people are having on the fundraising front. Is anyone seeing any issues? Are alternate vehicles like long-term holds, non-market terms, or things on the edges slowing or is all investing in the search community still as robust as 2021?