Fundraising

Rainier Partners Fund I's limited partners include foundations, global asset managers, insurance companies, pension plans, family offices, and high-net-worth individuals.

With LP demand for TPG offerings staying “strong,” Weingart said, the firm nonetheless believes it can “successfully complete” capital raising for key flagships this year.

Even with a sluggish fundraising environment, some shops are bringing debut funds to try to loosen the purse strings of extra-stingy LPs.

Presenting our debut ranking of the private equity industry's top law firms by number of closed funds advised on and total capital of underlying vehicles.

Voltaic raised more than $450 million and Diopter secured more than $650 million.

Summit Partners Europe Growth Equity Fund IV launched in October 2022.

'For 2023... we believe our aggregate fundraising will be well in excess of last year’s and will approach our record in 2021 of $77bn,' CEO Michael Arougheti said in a year-end earnings call.

Kainos Capital Partners III LP will target businesses in the food and consumer products sectors with at least $10 million in EBITDA.

Bluestone Capital I is focused on the global sports, media & entertainment industry.

West Street Global Partners I, which held a final close on $5.2bn this week, is among the largest first-time funds dedicated to growth equity.