Can someone please help me understand the PE fundraising process?

I understand that PE firms raise money from institutional investors (pension funds, asset managers, HNW clients, sovereign wealth fund etc..) But I am having trouble understanding the timing? After a fund is raised and investment activity has begun can more investors join the fund? How do clients get paid back? Is that when the fund closes?

Thanks you, I am trying to learn more about PE fundraising.

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Hi Prospect in IB-M&A, check out these resources:

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I hope those threads give you a bit more insight.

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Can someone please help me understand the PE fundraising process?

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Can someone please help me understand the PE fundraising process?

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