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Simpson Thacher provided counsel on four of the ten largest PE fund closings through Q3 2018, according to data from research firm Prequin.

Number one in the rankings was The Carlyle Group’s seventh U.S. buyout fund, Carlyle Partners VII, which was raised with assistance from Partners Barrie Covit and David Greene. The Firm also took the number two spot through its representation of EQT, by Partners Jason Glover and Robert Lee, in connection with the formation and raising of EQT’s flagship private equity fund, EQT VIII. Fourth in the rankings was BC European Capital X, BC Partners' tenth flagship private equity fund, which was guided by Partners Jason Glover and Seema Shah. At number seven on the list was Carlyle’s fund dedicated to buyouts and other private equity investments in Asia, Carlyle Asia Partners V, which Partners Barrie Covit and Adam Furber provided counsel.

The top fund closings were featured in an article by Law360 titled “Inside The 10 Largest PE Funds Through Q3 In 2018.” In the piece, Corporate Partner Pete Gilman was quoted on the current state of the fundraising market. “Allocations to PE as an asset class are increasing and deal activity for larger, more capital-intensive transactions is picking up in the PE space, leading to a greater demand and need for PE capital,” Pete said. “Established firms with strong track records are raising large PE mega funds faster than ever, and the buyout industry seems to be firing on all cylinders.”

To read the article, please click here (subscription required).