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Sizeable closes by large funds, including those by Advent International, Insight Partners and KKR, accounted for nearly 40% of capital raised for the period, as the number of vehicles closed sank to its lowest since 2017.

Earlier efforts to reform carried interest taxation had stalled, before US Senator Joe Manchin announced on Wednesday that he and Senate Majority Leader Chuck Schumer had worked out a deal.

The $650bn sovereign wealth fund had raised its allocation to PE up to 10%, per its latest annual report.

The pioneering environmental investor has raised more than twice as much for its latest private equity fund as for Fund III. It could have raised a lot more, says founder Nino Tronchetti Provera.

Private equity investors should brace for more uncertainty around inflation and asset valuations in the months ahead after deal volumes slowed in the first six months of the year.

PE firms will not struggle en masse to raise successor funds. However, it will become clear who has a strategy and who does not.

Illinois State Board of Investment tops the list of public pension systems with the strongest private equity returns.

During a recession, private equity mega-funds deliver returns similar to those of their peers and with less selection risk for investors.

It’s easier than ever to participate in private markets, though GPs shouldn’t expect individual investors to be the only answer to plugging capital-raising gaps.

LPs have been asking must-have GPs to keep their funds open into the new year, eating into allocations for those planning a return to market in 2023.