How long to give fundraising effort

As is the case across many funds, it seems there is still a potentially bleak fundraising future out there right now. I wanted to start a forum for anyone to offer advice on how to approach this if it’s your fund and you are more in the junior ranks (associate- VP). - how long should you hang around waiting for a new fund to start? From fundraising effort launch to first close, final close, etc - how long should you wait on these milestones. What is the best way to position yourself to start interviewing and how long should you allow for that? Is lateraling the best option? - if you stick it out, how does it reasonably all end assuming no fund is raised. Do the partners finally just throw up their hands and one day decide to close the doors? Should anything like severance be expected. - Are there any financial/comp perks and incentives that would be reasonable to try and negotiate while the firm is fundraising? Assuming that if people left at this point then it would be difficult to back fill and not sure how that looks from a fundraise perspective when team members are leaving or if it just doesn’t really get noticed because there is always a lot of turnover in the industry