NYSE-listed KKR said that private equity North America Fund XIV reached the final closing and attracted commitments worth 23 billion US Dollars (press release). The buyout vehicle will focus on large cap deals in USA and Canada. In 2023, CVC Capital Partners IX, targetting USA and Europe, announced a 26 billion US Dollars closing (press release), PitchBook data say.
NYSE-listed Blackstone recently announced a 6.3 billion US Dollars final closing for Blackstone Life Sciences VI the biggest vehicle investing in biopharmaceutical companies and healthcare technologies (press release). The fund’s size is reflecting investors’ growing interest in thematic and defensive strategies.
These two deals make the few recent examples of large-scale fundraising in a market that has seen a sharp decline in fundraising in recent years, particularly in the buyout segment, with investors continuing to focus on global players with a proven track record.
US Greenbriar Equity Fund VII raised 5.4 billion US Dollars, above the 4,25 billion initial target (press release).
Bain Capital Asia Fund VI hit its 10.5 billion US Dollars hard cap (Reuters). Sweden’s EQT said that BPEA Private Equity Fund IX, a vehicle launched in 2025, already received commitments worth 14 billion US Dollars ahead of a hard cap of 14.5 billion that could achieve by 1Q26 (press release).
Limited Partners (LPs) poured 5.5 billion euros in Triton Fund VI, a vehicle of midmarket investor London’s Triton Partners (press release). Inflexion Buyout Fund VII achieved its 4.5 billion euros hard cap, above a 3.75 billion initial target (press release).
On 5 March, Friday, Buyout Insider reported that Apollo Investment Fund XI set a 25 billion US Dollars fundraising target which is still below the 34.4 billion US Dollars amount that Thoma Bravo attracted for its buyout vehicles Thoma Bravo Fund XVI (24.3 billion) and Thoma Bravo Discover Fund V (8.1 billion) (press release).
The Bain & Company 2025 Global Private Equity Report quoted Preqin data saying that private capital firms raised 1.300 billion US Dollars, in line with 2024, but LPs allocated 16% less of their resources in buyout funds (see here a previous post by BeBeez). GPs are struggling to distribute resources to LPs, payments have been below 15% of NAV for four consecutive years, limiting the ability of institutional investors to take on new commitments.
The data of AIFI, the Italian association of private capital players, and PwC say that in 2025 domestic private equity and venture capital fundraising dropped by 46% yoy to 3.57 billion euros while in 2024 amounted to 6.67 billion (+77%). Investments (11.61 billion; -22%) and exits (4.66 billion; -19%) also plummeted (see here a previous post by BeBeez).
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