Research

The growth-oriented firm, No 4 on the Buyouts 100, is targeting $13bn for a 10th flagship buyout fund, its first since 2022.

Well-known names on our list respond to the possible effects of a foreign retreat from investments in the US.

In an otherwise dreary market, the sector continues to be resilient, as shown by the performance of Thoma Bravo, Insight, Vista and Silver Lake on our list of the largest North American fundraisers.

Buyout, growth equity, secondaries, venture capital and other private equity funds raised a total of $81bn between January and March, down 16% from $96bn secured a year earlier.

Buyout, growth equity, venture capital, secondaries and other private equity funds raised $501bn as of December 31, down 21% from $631bn secured in 2023.

In the third quarter alone, inflows totaled $120bn, marking a drop of 37% from Q3 2023 and 26% from Q2 2024.

Private equity funds raised $88bn by the end of March, down 34% from a year earlier. This marked the first time that quarterly inflows have fallen below $100bn since 2020. The number of fund closings declined even more significantly.

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

North American private equity funds raised $228bn of capital in the first half, down 26% percent from a year earlier.

Capital raised totaled $528bn in 2022, down only slightly from the $535bn secured in the robust market of 2021. But fund closings fell to their lowest level since 2017, down 29% from a year earlier.