At Hamilton Lane, we regularly preach the benefits of using data to drive our insights rather than relying on anecdotes or gut feelings. For months now, many of us have been speaking amongst ourselves about fundraising and how busy it seems. To be honest, activity levels feel incredibly high across the asset class.

Loyal readers of our Hamilton Lane market commentary (we like to think such a group exists) can sing along to this tune, as it is one with which they will be quite familiar. The asset class is taking longer to monetize investments. The chart below has made regular appearances in our Market Overview for the past several years, often with the acknowledgement that it is one of the most important.