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Simpson Thacher advised on three of the top five largest private equity funds of H1 2024, according to Preqin. The Firm advised EQT on its tenth flagship private equity fund, EQT X, which closed at €22 billion and was EQT’s largest-ever fundraise as well as the largest fund of H1. The Firm also advised on Silver Lake Partners VII, which closed at $20.5 billion, and the Eighth Cinven Fund, which closed at $14.5 billion, which were named the second and fourth largest funds of H1, respectively. The top fund closings were also featured in a Law360 article titled, “A Deep Dive Into The Top PE Funds Of 2024’s First Half.” In the piece, Funds Partner Jordan Cross explained that the trajectory of fundraising in the first half of the year looked like a continuation of 2023, noting that there is “a flight to quality, where established managers have a competitive advantage in successfully navigating the fundraising environment.” Looking ahead, Jordan said he anticipates a continued focus on returning capital to investors, as well as an uptick in fundraising overall, to the extent the dealmaking environment improves.

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