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Private Equity

Private equity firms acquire ownership stakes in companies, improve operations, and exit for a return. Strategies range from leveraged buyouts of mature businesses to growth investments in scaling companies.

Strategies, focus areas, funds and trends across our private equity coverage.

48
Firms
$1.64T
Allocated AUM
25
Funds
23
Strategies
Peak fundraising year
2023 — 7 funds closed
Most concentrated region
Europe — 83% of firms
Top sector
Healthcare Services — 18 of 48 firms
48FIRMS
Strategy mix

Strategies & sub-strategies

Insight

Growth Equity leads — 71% of firms run it — nearly 34× Pre-IPO / Crossover, the smallest strategy.

Fund vintage trend

New funds launched per vintage year, based on tracked closings

2020: 2220202021: 1120212023: 7720232024: 3320242025: 6620252026: 222026PEAK

Industry focus

Bubble size = number of firms active in sector

Healthcare Services: 1818Healthcare ServicesConsumer Brands: 1616Consumer BrandsDual-Use Technology: 1515Dual-Use TechnologySoftware: 1111SoftwareDiversified: 88DiversifiedTechnology: 77Technology

By region

Firm count by geography

Europe: 40Europe: 4040EuropeNorth America: 34North America: 3434North Ameri…Asia: 27Asia: 2727AsiaGlobal: 19Global: 1919GlobalUnited States: 12United States: 1212United Stat…

Verticals

Funds

NEWEverstone Private EquityControl Growth Equity · investingIndoedge India FundIndia Growth / Private Equity · investingASPEN (Adams Street Private Equity Navigator Fund)Evergreen Secondaries, Co-investments & Primary Funds · investingASPEN LuxEvergreen Private Equity · investingCo-Investment Fund VICo-Investments · closed2026 · $2.5BAdams Street Leaders Fund IIIPrimary Fund Investments · fundraising2026Lone Mountain Pine StrategyConcentrated long-term equity strategy · investing2025 · $500MGrowth Equity Fund VIIIGrowth Equity · closed2025BlackRock Co Investment Partners IVCo-investments · fundraising2025Everstone Capital PartnersControl Growth Equity · investing2025 · $800MBlackRock Long Term Private Capital FundLong-term Private Capital · fundraising2025ASP 2025 US FundPrimary Fund Investments · closed2025BlackRock Secondary Opportunities Fund IIISecondaries · fundraising2024BlackRock Private Equity Partners VIIIGlobal Buyout Fund of Funds · fundraising2024Adams Street Leaders Fund IIPrimary Fund Investments · closed2024Silver Lake Partners VII (SLP VII)Buyout · closed2023 · $20.5BBlackRock Co Investment Partners IIICo-investments · closed2023BlackRock Impact Opportunities Fund IIImpact Investing · closed2023Carlyle Partners VIIIU.S. Buyout · closed2023 · $14.8BDavidson Kempner Opportunities Fund VIMulti-Strategy · investing2023 · $3BTSG Consumer Partners IX, L.P.Buyout · fundraising2023 · $6BBlackstone Capital Partners IX (BCP IX)Global Buyout · fundraising2023 · $30.4BBlackRock Secondary Opportunities Fund IISecondaries · closed2021BlackRock Private Equity Partners VIIGlobal Buyout Fund of Funds · closed2020Vitruvian Investment Partnership IVBuyout · fundraising2020