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The fourth Hall of Famer marks Hellman & Friedman's second entry on the list.
The strategy could generate double the investment multiple of a typical buyout fund over a 24-year period, according to Bain & Company’s Global Private Equity Report 2018.
The Norwegian software company grew into one of Europe’s largest after completing more than 100 acquisitions under KKR’s ownership.
The sovereign wealth fund has, however, warned that it expects returns to fall this year as asset classes globally remain above full value.
Private equity mega-funds have historically delivered more consistent returns than those targeting the mid-market, according to a McKinsey report.
The private funds industry is institutionalising, but the methods for calculating and reporting performance are still all over the place.
The decline can be attributed to a bumper year for ATP's private equity portfolio in 2016, a spokesman for the firm told PEI.
The firm is looking for ways to ‘supplement the growth’ of its private equity business, which reached $72bn in AUM last year.
The third Hall of Famer is the 2005-vintage fifth fund from Boston-headquartered firm Advent International.
The private equity firm is also expected to begin raising its fourth Asian fund in the third quarter, Private Equity International has learned.