Simpson Thacher Advises on Four of the Largest Private Equity Funds Raised in 2023
01.29.24
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Simpson Thacher advised on four of the top ten funds and three of the top five funds in 2023, according to a Private Equity International (PEI) article titled, “PE fundraising slips for second year in a row amid tougher deal environment.” The Firm advised CVC Capital Partners in the establishment of CVC Capital Partners IX, which closed above target at €26 billion ($28.13 billion) and makes it the largest close and the biggest fund in private equity history. According to Pitchbook data, Simpson Thacher also advised on the two largest secondaries funds raised to-date: Lexington Capital Partners X, which closed at $22.7 billion, and Strategic Partners IX, which closed at $22.2 billion. The Firm additionally advised on Carlyle Partners VIII, which raised $14.8 billion.
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