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Simpson Thacher advised on three of the top five largest private equity funds of Q1 2024, according to Preqin. Number one in the rankings was EQT’s tenth flagship private equity fund, EQT X – its largest ever fundraise, closing at €22 billion. The Firm also advised on the Eighth Cinven Fund, which closed at $14.5 billion, and CVC Capital Partners’ Asia VI, which closed at $8 billion, which were named the second and fifth largest funds of Q1, respectively. The top fund closings were also featured in a Law360 article titled, “Inside The Top 5 Funds Of 2024’s First Quarter.” In the piece, Funds Partner Barrie Covit noted that it is significant that the majority of top Q1 fund closings are non-U.S., since many U.S.-based sponsors claimed the top spots in 2023. He further explained that “there remains a high level of activity in infrastructure, secondaries and other areas that overlap or are ancillary to buyout and which see robust fundraising activity.”

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