News & Events

Simpson Thacher advised on five of the top ten largest private equity funds that closed in 2024. The top funds were featured in a recent Law360 article titled, “What 2024's Top PE Funds Say About Industry Right Now,” which highlighted the Firm’s involvement in several of the top fundraising matters, including EQT X that closed at €22 billion and was the largest fund of 2024. In the piece, Partners Jordan Cross and Barrie Covit discussed notable trends that emerged from this year’s largest private equity funds and expectations for 2025. Jordan noted, "The list of the largest funds this year is consistent with what we would expect given the overall flight to quality trend we have witnessed in the private equity industry over the last several years, where limited partners are making their largest commitments to sponsors with whom they have had a longterm track record of success.” Looking forward, Barrie indicated, "For 2025, our pipeline suggests that we will see a return of the launch of the largest mega funds. While many are reading tea leaves, we are seeing concrete reasons to believe that, as distributions increase, we're going to go back to a more normalized environment.”

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