Managers

Carlyle confirmed it closed the fund in August, along with its debut growth pool, for a total of around $16.1bn for the firm's integrated US buyout and growth platform.

The system looks to take advantage of its underallocation to the asset class.

Eight slides that look at the amount of private equity capital raised between January and end-September and what the figures show.

Fund closings declined more significantly. Some 554 vehicles were wrapped up in the first three quarters, down 43% year over year.

First-time and emerging manager fundraising has slowed greatly in the tougher fundraising market, with limited partners choosing to mostly stick with their deepest relationships.

The system is a new entrant into private equity.

The firm raised $180m and has already made two investments, says founding partner Eric Elalouf.

The system sees possible 'J-curve effect' challenges ahead as it builds its PE program.

While activity on the GP-led side has been slower, several large deals have gotten done with buyers choosing to work with high-quality assets managed by firms they know well.

Megafunds raised between Q1-Q3 this year include vehicles by CVC Capital Partners, Apollo, Permira and Warburg Pincus.