Key takeaways
- The week: 12 new funds announced $3.8B in total. The typical fund is $202M.
- Biggest raises: Consonance's $1.35B led. With Sprints Capital's €725M ($810M), the two make up 57% of the total.
- Where: US managers launched 7 of the 12 funds, followed by the UK (2). By region, North America led with 7.
- Sectors: AI led with 6 funds, followed by fintech, energy and deep tech (4 each).
- Stages: late stage, Series A and seed led with 6 funds each, ahead of Series B (3).
- Quieter week: 12 funds, down from 23 the week before.
- Money already at work: Sprints Capital has committed more than half of Fund V, and 49 Palms has backed 14 companies from its $100M debut fund.
12new funds12–18 October 2026
$3.8Btotal fund sizeas announced
$202Mtypical fundthe median
3still raisingfirst or second close, or an anchor
Source: Private Equity List database
| 21 | 26 | 19 | 18 | 23 | −47.8% on 5 Oct12 |
| 7 Sep | 14 Sep | 21 Sep | 28 Sep | 5 Oct | 12 Oct |
|---|
Source: Private Equity List database
12 funds
| North America | 7 | 58.3% |
|---|---|---|
| Europe | 2 | 16.7% |
| Asia | 3 | 25.0% |
Source: Private Equity List database
| 7 Sep | 28.6% |
|---|---|
| 14 Sep | 42.3% |
| 21 Sep | 47.4% |
| 28 Sep | 55.6% |
| 5 Oct | 43.5% |
| 12 Oct | 50.0% |
Source: Private Equity List database
North America: 7 funds, $2.8B
Consonance Capital Partners closed Consonance Private Equity III at its $1.35B hard cap in less than four months, and the fund was heavily oversubscribed. Lower- and middle-market US healthcare companies are the whole focus, through growth equity, buyouts and carve-outs.- Adams Street Partners LLC launched the $363.5M Adams Street Venture and Growth Fund, an evergreen vehicle for private wealth investors. It buys venture secondaries and growth co-investments, aimed at AI, defence tech and energy transition.
- Pear Ventures closed Fund V at $333M, taking its assets under management above $1.1B. Most of the money goes to new pre-seed and seed deals in AI, deep tech and fintech.
- Taurus Private Markets closed Taurus Private Markets Fund III at over $300M, backed by public pension plans, Taft-Hartley plans and family offices. The fund of funds commits to lower-middle-market buyout and private credit funds under $1.25B, plus co-investments and secondaries.
- Savory Fund closed Savory Fund III at $201.5M with returning and new LPs. Founder-led restaurant brands are the whole focus: it plans eight to nine companies in quick-service, fast-casual and casual dining, and has made four investments so far.
- Nithio launched the $150M African Electric Vehicle Debt Fund to finance electric vehicle fleets in Africa. The Washington DC climate fintech lends to transport and clean energy businesses, using its own risk analytics engine.
- 49 Palms Ventures launched a $100M debut fund, already deployed into 14 AI companies including Skild AI and Ollama. Co-founders Madhavan Ramanujam and Josh Bloom, former Simon-Kucher partners, co-invest from seed to Series B and help founders with pricing.
Europe: 2 funds, $876M
Sprints Capital closed Fund V at €725M ($810M), about 38% larger than Fund IV, with more than half already committed. The London growth firm, an early backer of Revolut and Vinted, puts late-stage money into consumer platforms, marketplaces and fintech.- Nauta Capital held a €60M ($66M) first close for Fund VI, towards €150–200M, anchored by the British Business Bank for the fourth fund in a row. Pre-seed to Series A cheques go to B2B software and deep tech, including AI, cybersecurity and energy.
Asia: 3 funds, $150M
Shastra VC is aiming for $100M with Fund III and is nearing its final close. The Bengaluru firm writes seed and Series A cheques in deep tech and AI.
Antares Ventures held a second close for its debut fund, Antares Ventures I, at more than $50M, nearly half its target. Cheques of $1–5M go to seed to Series B deep tech in energy, industry and transport infrastructure.
Vynn Capital closed Fund II and plans to back 13 to 14 companies with it. The Kuala Lumpur firm writes seed and Series A cheques in fintech, logistics and mobility across Southeast Asia.
FAQ
How many new PE and VC funds were announced 12–18 October 2026?
12 funds, with $3.8B in headline fund sizes converted to USD. Consonance ($1.35 billion) and Sprints Capital ($810 million) account for about 57% of that total.
What was the largest new fund this week?
Consonance Capital Partners closed Consonance Private Equity III at its $1.35 billion hard cap in less than four months. The fund invests in lower- and middle-market US healthcare companies.
Which of this week's new funds write pre-seed or seed checks?
Pear VC puts most of its $333M Fund V into pre-seed and seed deals. Nauta Capital invests from pre-seed to Series A, while Shastra VC, Vynn Capital, 49 Palms Ventures and Antares Ventures ($1–5M cheques) all start at seed.
Which of these funds are still raising?
Nauta Capital (a €60M first close towards €150–200M), Antares Ventures (a second close at more than $50M, nearly half its target) and Shastra VC (nearing the final close of its $100M Fund III) are still raising.
Where does this data come from?
From the Private Equity List fund tracker, which logs fund announcements from public news sources and links each fund to the investor's profile on Private Equity List. Sizes are shown as announced, in the original currency.
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