Weekly Fundraising Update: Highlights from the Private Equity Sector's Biggest Donations
In the face of a difficult fundraising environment, private equity firms have shown resilience and adaptability, as evidenced by several significant fundraising achievements. Among these success stories are Tikehau Capital, Levine Leichtman Capital Partners (LLCP), and Coller Capital.
Tikehau Capital has made a splash in the industry with the successful closure of a continuation fund, raising over €1 billion. This marks a new fundraising record in the growing asset class and underscores the firm's differentiated and uncorrelated investment strategy. The fundraise has brought total capital commitments for this strategy to over €2 billion.
LLCP has also experienced success, closing its latest flagship vehicle, Fund VII, on more than $3.6bn, surpassing its initial target. The fundraise marks one of the firm's largest fundraises to date and is underpinned by its consistent realisation activity.
Meanwhile, Coller Capital has closed its latest private credit secondaries fund, Coller Credit Opportunities II (CCO II), with $6.8 billion in commitments. The fundraising was completed despite a challenging fundraising landscape, demonstrating the firm's robust returns across market cycles. The fund will support the growth of Egis, a global engineering and infrastructure portfolio company.
The private equity market has faced a tough fundraising environment since 2021, reflecting broader trends that have continued into 2024 and 2025. Several large private equity firms struggled to meet their fundraising targets, with notable firms like Carlyle and Blackstone closing flagship funds significantly below their initial targets.
There was a notable shift in capital allocation to real assets and growth funds, and secondaries firms encountered challenges balancing record deal flow with available capital. Despite these challenges, firms like Tikehau Capital, LLCP, and Coller Capital have demonstrated the ability to secure strong backing from both long-standing investors and a diversified pool of new institutional Limited Partners (LPs), including significant co-investment capital.
The fundraising successes of these firms are a testament to their unique strategies and the continued demand for private equity investments, even in a challenging market. The transactions are backed by a consortium of prominent investors, such as Apollo S3, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Neuberger Berman, and an unspecified co-lead investor.
In conclusion, while the private equity market has faced a challenging fundraising environment in recent years, firms like Tikehau Capital, LLCP, and Coller Capital have shown resilience and adaptability, securing strong backing for their funds and targeting high-growth investment opportunities. The firms' successes underscore the continued demand for private equity investments and the adaptability of the industry in the face of market challenges.
[1] Private Equity International, "Carlyle drops $22bn target for latest flagship fund," 2023. [2] Preqin, "Global Private Equity & Venture Capital Report H1 2025." [3] Secondaries Investor, "Secondaries market sees record deal activity but remains undercapitalised," 2025.
- Tikehau Capital's continuation fund, exceeding €1 billion, sets a new record in the private equity asset class, demonstrating their uncorrelated investment strategy and a total capital commitment of over €2 billion.
- Levine Leichtman Capital Partners (LLCP) closed Fund VII on more than $3.6bn, surpassing its initial target, with its success based on consistent realisation activity.
- Coller Capital completed the fundraising for Coller Credit Opportunities II (CCO II) with $6.8 billion in commitments, showing resilience in a challenging fundraising landscape, and the fund will support the growth of Egis, a global engineering and infrastructure portfolio company.
- In the late 2021 fundraising environment, several large private equity firms struggled to meet their targets, with Carlyle and Blackstone closing flagship funds below their initial targets.
- Despite challenges, firms like Tikehau Capital, LLCP, and Coller Capital have procured strong backing from a diversified pool of institutional Limited Partners (LPs), including significant co-investment capital.
- The transactions of these firms are backed by a consortium of prominent investors like Apollo S3, Abu Dhabi Investment Authority (ADIA), Neuberger Berman, and an unspecified co-lead investor, highlighting the continued demand for private equity investments in a challenging market.
