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10 largest PE funds raise combined $160bn in 2022

The largest private equity funds to close during 2022, raised a combined $160 billion between them, according to a report by Private Equity International, with Advent International’s GPE X leading the pack at $25 billion in capital commitments, a 40% increase on Advent’s 2019-vintage predecessor fund.

Thoma Bravo meanwhile, raised a combined $32.4 billion across three buyout funds smashing the tech sector’s fundraising record in the process. The firm’s $24.3 billion flagship fund, Thoma Bravo Fund XV, closed in early-December, 37% higher than its predecessor fund,  while the mid-market-focused Thoma Bravo Discover Fund IV closed on $6.2 billion and lower-mid-market-focused Thoma Bravo Explore Fund II on $1.8 billion.

KKR closed its largest ever vehicle the North America Fund XIII at $19 billion, well in excess of its  $14 billion target in April, while Insight Partners XII, raised $17.23 billion – 43.6% higher than its target of $12 billion.

Tech specialists Francisco Partners, Tiger Global Management and Hg also raised $13.5 billion, $12.6 billion and $11 billion, respectively, for Francisco Partners VII, Tiger Global Private Investment Partners XV and Hg Saturn 3, while Brookfield Asset Management raised $15 billion for its maiden fund, Brookfield Global Transition Fund.

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