Key takeaways
- The week: 14 new funds announced $40.2B in total. The typical fund is $250M.
- Biggest raises: Advent's $27B led. With Disruptive's $10B, the two make up 92% of the total.
- Where: US managers launched the most funds (6), followed by India, the UK and France (2 each). By region, North America and Europe tied with 6 each.
- Sectors: AI led with 9 funds, followed by technology (4), then business services, healthcare services and cleantech (3 each).
- Stages: late stage led with 7 funds, ahead of seed and pre-seed (6 each).
- Quieter week: 14 funds, down from 17 the week before.
- Debut funds: TPG ($1.3B), Formation Bio ($600M) and U&I Ventures ($32.2M) completed first funds, and One Planet Partners launched its maiden fund with Sumitomo Mitsui Trust Bank as anchor.
14new funds26 October – 1 November 2026
$40.2Btotal fund sizeas announced
$250Mtypical fundthe median
5still raisingfirst or second close, or an anchor
Source: Private Equity List database
| 19 | 18 | 23 | 12 | 17 | −17.6% on 19 Oct14 |
| 21 Sep | 28 Sep | 5 Oct | 12 Oct | 19 Oct | 26 Oct |
|---|
Source: Private Equity List database
14 funds
| North America | 6 | 42.9% |
|---|---|---|
| Europe | 6 | 42.9% |
| Asia | 2 | 14.3% |
Source: Private Equity List database
| 21 Sep | 47.4% |
|---|---|
| 28 Sep | 55.6% |
| 5 Oct | 43.5% |
| 12 Oct | 50.0% |
| 19 Oct | 29.4% |
| 26 Oct | 64.3% |
Source: Private Equity List database
North America: 6 funds, $39.0B
Advent International raised nearly $27B for its 11th flagship fund, GPE XI, above its $26B target, and more than $3B for a new mid-market fund. The buyout money goes mainly to Europe and North America, in business services, healthcare and technology.- Disruptive launched the Disruptive Flagship Fund, sized up to $10B with at least $7.5B already committed. It is the Dallas firm's first blind-pool fund, built for about ten late-stage bets of up to $1B each in AI, defence and software.
- TPG raised $1.3B for TPG Emerging Companies Asia, its debut Asia growth fund, beating its target and up from $742M in commitments reported in February 2026. The money goes to mid-cap companies in Asia's developed markets, and early deals include Singapore nursing home operators Orange Valley and Econ Healthcare.
- Formation Bio raised $600M for its debut Drug Development Accelerator Fund, backed by research foundations, endowments and hospitals. The AI-native drug company plans to buy 10–15 Phase 1 and Phase 2 programmes over the next 3–5 years and take them through clinical milestones.
- Eureka! Ventures launched Z_One, an urban tech fund with €35M ($38.5M), to help Italian startups through a funding slump. Pre-seed and seed cheques go to transport, infrastructure and cleantech.
- U&I Ventures closed its debut fund at $32.2M to back 40 to 45 pre-seed and seed companies. AI-native infrastructure in security, engineering and IT is the whole focus, with first cheques of $250K to over $800K.
Europe: 6 funds, $804M
AP Ventures closed Fund III at $300M, with commitments from new and existing institutional investors. Seed and Series A cheques go to industrial, energy and cleantech startups working on efficiency, supply chains and decarbonisation.
Pictet Alternative Advisors is aiming for $250M for its third thematic private equity tech fund. The Geneva co-investment specialist backs AI, technology and cybersecurity companies from Series A to late stage.- Begin Capital launched Deep Tech Fund II at $100M, with $500K–$8M cheques from pre-seed to Series A. AI infrastructure, hardware and chips are the focus, and three Fund I founders have joined as venture partners.
Auriga Partners held an €80M ($88M) interim close for Auriga Cyber Ventures II, towards a €100M target and a €120M hard cap. Cheques of €500K–€5M go to European cybersecurity and AI security startups from pre-seed to Series A.- Aquiti Gestion held the final close of AVA1 at nearly €60M ($66M), hitting its target two years after a €30M first close. At least 70% of the money goes to health and climate startups in France's south-west, at pre-seed and seed.
Thuja Capital launched the Magnolia MedTech Fund for Dutch university spin-outs, with no size disclosed. Health insurer VGZ, device maker Nolato Unitron and the Netherlands Enterprise Agency are partners, and pre-seed cheques go to medtech and digital health.
Asia: 2 funds, $450M
One Planet Partners launched its maiden private equity fund, which targets $360M, anchored by Japan's Sumitomo Mitsui Trust Bank, with a first close planned by mid-2027. Mid-market growth deals in energy, mobility and manufacturing are the focus, led by founders from Tata Capital, McKinsey and Blackstone.- TVS Capital Funds Limited is aiming for $90M with TVS Alts, its first private credit fund, which is awaiting regulatory approval. Secured loans go to Indian companies for bridge, pre-IPO and M&A financing, with targeted returns of around 17%.
Data and methodology
Funds: new private equity and venture capital funds announced 26 October – 1 November 2026, from the Private Equity List new-funds tracker. Only verified announcements count, and repeat news about the same fund is merged.
Size: as announced, converted to US dollars; a target or a first close is named as such in the text.
FAQ
How many new PE and VC funds were announced 26 October – 1 November 2026?
14 funds, with $40.2B in headline fund sizes converted to USD. Advent ($27 billion) and Disruptive ($10 billion) account for about 92% of that total.
What was the largest new fund this week?
Advent International raised nearly $27 billion for its 11th flagship fund, GPE XI, above its $26 billion target. With more than $3 billion for a new mid-market fund, Advent raised $30 billion in total.
Which of this week's new funds write pre-seed or seed checks?
Begin Capital ($500,000 to $8 million, pre-seed to Series A), Auriga Partners (€500,000 to €5 million, pre-seed to Series A), U&I Ventures ($250,000 to over $800,000), Aquiti Gestion (pre-seed and seed), Eureka! Ventures (pre-seed and seed) and Thuja Capital's Magnolia MedTech Fund (pre-seed) all write early cheques. AP Ventures invests at seed and Series A.
Which of these funds are still raising?
Auriga Partners held an €80 million interim close towards a €100 million target, and One Planet Partners has an anchor from Sumitomo Mitsui Trust Bank with a first close planned by mid-2027, so both are still raising. Disruptive has at least $7.5 billion committed to a fund sized up to $10 billion. Pictet Alternative Advisors is targeting $250 million and TVS Capital Funds $90 million.
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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