Private Debt Intelligence – 6/17/2024
Mega funds exert dominance in US buyouts
Chart
Download Data
[wpdm_package id=’70379′]
Read Preqin’s ‘Buyouts in North America: A Preqin Primer‘.
The average size of US-focused buyout funds more than doubled from 2021 to 2023 to $750.7mn (aggregate $95.3bn), driven by a big increase in the very largest funds, according to Preqin data. Last year, 24% of the total capital raised went to the ten biggest vehicles, up from 19% in 2021. Thoma Bravo and KKR are the largest managers currently in market, seeking $20bn and $16bn respectively.
Buyouts took a much larger share of the private equity pool in 2023, accounting for 69% of private equity capital raised, up from 40% in 2022 and higher than the five-year average of 51% for the period from 2018 to 2022.
Contact: Grant Murgatroyd
grant.murgatroyd@preqin.com
Latest news
Software, consumer-related direct lending deals fell in H1'26
The software and technology sector, the second-most-active sector in 2025 at 17% of total deal activity, slid to fifth place in the first half of 2026.
Unconquered Territory
With most of the map still unexplored, there’s room for a sequel.