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Private Equity

Buyout and growth: fund closes, deals, people and events, for GPs, LPs, and fund service providers.

CD&R raises $20bn towards $26bn flagship buyout fund target

Clayton, Dubilier & Rice has raised about $20bn for Fund XIII within six months of launch, on course for a $26bn target with a $28.5bn hard cap and a final close targeted for Q1 2027.

Clayton, Dubilier & Rice$26B · Target

Private Equity Wire · also AltAssets

Private equity

$700M · First close

Rhône spin-out hits €650m first close for second fund

A Rhône spin-out reached a €650 million first close for its second fund.

Rhône

WSJ

Secondaries

$1.2B · Target

Industrial gas firm's valuation triples on semiconductor boom, drawing global investors

IMM Private Equity is raising about 1.8 trillion won in equity for a continuation fund to hold a roughly 66 percent stake in industrial gas maker Air First, valued at about 4.2 trillion won.

IMM Private Equity

헤럴드경제

Venture

$750M · Target

Lightspeed said to surpass $750m fundraising target for AI buyout strategy targeting up to $1bn

Lightspeed Venture Partners has reportedly raised more than $750m for a new fund and co-investment vehicle. The vehicle targets acquisitions of established businesses that can be transformed through AI, with a target of up to $1bn.

Lightspeed Venture Partners

AltAssets

Deals

$7.6B

Thrive Holdings agrees $7.6bn ADT acquisition

Thrive Holdings agreed to acquire home security provider ADT in a $7.6bn all-cash transaction at $10 per share, a premium of nearly 46%. Funds managed by Apollo Global Management affiliates are providing financing, valuing ADT at $15.3bn including debt.

Private Equity Wire · also TechCrunch, Global Legal Post +1

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Private Equity, charted

Final closes

12 weeks

Capital closed each week · Past 12 weeks

Aug 10Sep 21This week

$112B across 58 closes · 4 more reported without a size

Point at a bar for the funds in it; click to pin them.Tap a bar for the funds in it.

How this is counted

In: final closes of private funds that a publication reported, with a named manager and a stated size. Rumoured and expected closes are left out until they happen.
Out: hedge funds, continuation vehicles, CLOs, single-investor mandates and evergreen funds.
One fund, one count: several reports of a close are joined. Where they give different figures the lower one is used (†).
Sizes: as reported; other currencies converted to dollars (≈). 4 more closes were reported in this period without a size and are not in the totals.
Region: where the fund invests or its manager is based, as the reports describe it.
It counts the closes in the stories FundOpsHQ carried, since March 2026; it is not a census. Updated Oct 30, 10:45 AM ET.

Private equity league table →

Largest closes

Past 7 days

$29.4B in 5 final closes this week

League tables: the month, the quarter, the year →

Who advises private equity funds

The directory

From the directory: US professionals, each profile drawn from the firm’s own public bio page.

Key terms

The glossary

Take-private: A take-private is when an investor buys all of a listed company’s shares and delists it, so the company becomes privately owned.
Add-on acquisition: An add-on is a smaller company that a private equity-owned company buys to grow, folded into the platform company the firm already holds.
Carve-out: A carve-out is the purchase of a division or business unit from a larger company, which then becomes a standalone company.
EBITDA: EBITDA is earnings before interest, taxes, depreciation and amortization, a measure of a company’s operating profit. Buyouts are often priced as a multiple of it.
Leveraged buyout: A leveraged buyout, or LBO, buys a company using mostly borrowed money, with the company’s own assets and cash flow backing the debt.
Secondary buyout: A secondary buyout is when a private equity firm sells a company it owns to another private equity firm.
Dividend recap: A dividend recapitalization is when a company borrows new debt and uses the money to pay a dividend to its owners, usually a private equity fund.
Carried interest: Carried interest is the share of a fund’s profits, typically 20%, that the manager earns after investors get their money back and clear the preferred return.