These 3 charts show how the biggest private equity funds keep winning in a fundraising slowdown

These 3 charts show how the biggest private equity funds keep winning in a fundraising slowdown

Sign outside the Blackstone headquarters.Erik McGregor/LightRocket via Getty ImagesThere may be more private equity funds than McDonald's in the US, but there are signs of consolidation.Nearly half of PE cash raised in 2025 so far has gone to the 10 largest funds, per a report.It was also the lowest year on record for new funds closed, at just 41, per Pitchbook.In private equity, consolidation is now the name of the game. After a burst of new fu…