"After a burst of new fund launches - enough for one KKR executive to joke last month that the US now has more private equity funds than McDonald's - more funding than ever is flowing into the biggest names. So far this year, nearly 46% of all private equity capital raised in 2025 has been secured by the 10 largest funds, up from 34.5% in 2024, according to PitchBook's private equity outlook report."
"This chart breaks down the percentage of US private equity (and not credit) fundraising that went to the 10 largest funds. This year, the top 10 largest funds include two Blackstone funds and two Thoma Bravo funds, a Bain Capital fund, as well as funds from lesser-known names like Great Hill Partners.After five years, with the 10 largest funds making up an average of 35.8% of funds raised - and a 10-year average of 39% - the number jumped to 45.7% so far this year."
Private equity fundraising concentrated heavily in the largest managers in 2025, with nearly 46% of capital going to the ten biggest funds, up from 34.5% in 2024. Total US private equity fundraising declined to $259 billion year-to-date from $372.6 billion last year. The aggregate dollars raised by the top funds fell about 8% to $118.3 billion, yet their market share increased. The ten largest funds have made up an average of 35.8% over five years and a 10-year average of 39%, rising to 45.7% in 2025 so far. Forecasts indicate more than 40% will go to the largest funds in 2026.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]