
The Private Capital Survey H2 25
In a year marked by economic uncertainty and fundraising friction, private capital firms are adapting — and evolving. Termgrid’s 2025 Private Capital Sentiment Survey captures
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In a year marked by economic uncertainty and fundraising friction, private capital firms are adapting — and evolving. Termgrid’s 2025 Private Capital Sentiment Survey captures

Opportunities to partner with GPs on direct investment are set to multiply in a turbulent market. But LPs must be ready to move quickly. Tom