Key takeaways
- The week: 19 new funds announced $27.2B in total. The typical fund is $300M.
- Biggest raises: TPG's $10.4B led. With Igneo's €6B ($6.6B), the two make up 63% of the total.
- Where: US managers launched the most funds (10), followed by the UK (4) and India (3). By region, North America led with 10.
- Sectors: AI led with 8 funds, followed by energy (5), and industrial, transportation, financial services and healthtech (4 each).
- Stages: late stage led with 12 funds, ahead of Series A (8), and Series B and pre-seed (5 each).
- Busier week: 19 funds, up from 14 the week before.
- Above target: Igneo (€6B against €4B), Town Lane ($1.9B against $1.5B), Churchill ($1.54B against $1B) and Evertrue ($17M against $13M) closed above their targets.
19new funds2–8 November 2026
$27.2Btotal fund sizeas announced
$300Mtypical fundthe median
6still raisingfirst or second close, or an anchor
Source: Private Equity List database
| 18 | 23 | 12 | 17 | 14 | +35.7% on 26 Oct19 |
| 28 Sep | 5 Oct | 12 Oct | 19 Oct | 26 Oct | 2 Nov |
|---|
Source: Private Equity List database
19 funds
| North America | 10 | 52.6% |
|---|---|---|
| Europe | 6 | 31.6% |
| Asia | 3 | 15.8% |
Source: Private Equity List database
| 28 Sep | 55.6% |
|---|---|
| 5 Oct | 43.5% |
| 12 Oct | 50.0% |
| 19 Oct | 29.4% |
| 26 Oct | 64.3% |
| 2 Nov | 42.1% |
Source: Private Equity List database
North America: 10 funds, $18.7B
TPG held the final close of TPG Rise Climate II, bringing the total across the fund, its Global South Initiative fund and affiliated vehicles to $10.4B. The money goes to late-stage climate deals in energy, transportation and industrials, with $2.5B set aside for the Global South.- Valor Equity Partners reportedly raised about $3.3B for its latest fund. The Chicago firm, whose portfolio includes Tesla and SpaceX, invests from Series A to late stage in aerospace, AI and energy.
- Town Lane closed Town Lane Real Estate Opportunities Fund II at its $1.9B hard cap, above a $1.5B target and its $1.25B first fund. Founded in 2024 by former Blackstone executive Tyler Henritze and his sister Parker Morse, it buys across US commercial real estate.
- Churchill Asset Management closed Junior Capital Opportunities Fund III at $1.54B, more than double the $737M raised by its predecessor. The debt fund buys junior debt in sponsor-backed US middle-market companies and has already deployed about $600M.
- AE Industrial Partners, LP closed AE Industrial Partners BR Fund, an $850M continuation vehicle for its portfolio company Blue Raven, led by Lexington Partners. Blue Raven distributes aerospace and defence parts to customers in more than 40 countries.
- Yosemite closed its second fund at $350M. Founded by Reed Jobs in 2015, the firm is aimed at oncology, from seed to late stage, in biotech, medtech and pharmaceuticals.
- Brightmind Partners is aiming for about $250M with Fund II, in line with its $251M debut. Seed and Series A cheques go to cybersecurity, with about 20% earmarked for AI infrastructure, and solo GP Stephen Ward is a former Secret Service agent.
- Steel Atlas is aiming for up to $100M for Steel Atlas Select Fund I and has raised $16.1M from 16 investors so far, according to an SEC filing. Industrial tech is the whole focus, with about ten companies per fund from Series A to late stage.
- 25m Health is aiming for up to $50M for 25Madison Ventures Fund II and has not raised any money yet, according to an SEC filing. Cheques go from pre-seed to Series A in AI-native B2B software and healthtech.
- IA Capital Group held the initial close of Inter-Atlantic Opportunity Fund I, its 11th fund, anchored by QBE Insurance Group through QBE Ventures. Fintech and insurtech companies at Series B and later get the money, including secondary stakes.
Europe: 6 funds, $7.6B
Igneo Infrastructure Partners closed the fourth vintage of its European Diversified Infrastructure Strategy at its €6B ($6.6B) hard cap, above a €4B target. More than 90 investors back its mid-market deals in energy, transportation and digital infrastructure.
Creandum closed Creandum VIII at $750M and says it could have raised more. Cheques go from pre-seed to Series A, for generalist tech in software, security and medtech.- Flashpoint Venture Capital closed Venture Growth Fund IV at $116M. The London firm backs B2B vertical AI built by European and Israeli founders scaling into the US, and has already invested in 10 companies.
- Norrsken Evolve closed its pre-seed fund at €62M ($68.2M), up from the €57M announced in August 2025. The money goes to European startups in energy, robotics and AI, alongside an in-person acceleration programme.
- Octopus Ventures held a first close for First Cheque II, its second pre-seed fund, which targets more than $25.4M, over double the size of its first. It plans to back more than 80 founders in the UK and Europe in AI, robotics and energy.
- Evertrue Capital closed its $17M debut fund, above its $13M target. Solo GP Yvonne Bajela writes pre-seed cheques in AI and fintech, with the British Business Bank among her LPs.
Asia: 3 funds, $888M
Neo Alternative Asset Managers raised $654M at the final close of Neo Special Credit Opportunities Fund-II, above its initial target. The private credit fund lends to established Indian businesses and plans about 35–40 deals.- ValueQuest Investment Advisors raised over $221M for the ValueQuest Tristar Fund within 15 months of its first close, above its original target. Indian advanced manufacturing is the whole focus: aerospace, defence and industrial companies from Series A to late stage.
- Daksham Capital held a $13M first close for its maiden fund, Daksham Growth Ventures (DGV) Fund I. The Gurugram multi-family office backs consumer brands, B2B and AI companies at Series A and Series B.
Data and methodology
Funds: new private equity and venture capital funds announced 2–8 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 2–8 November 2026?
19 funds, with $27.2B in headline fund sizes converted to USD. TPG ($10.4 billion) and Igneo ($6.6 billion) account for about 63% of that total.
What was the largest new fund this week?
TPG held the final close of TPG Rise Climate II, bringing the total across the fund, its Global South Initiative fund and affiliated vehicles to $10.4 billion, including $2.5 billion for the Global South Initiative.
Which of this week's new funds write pre-seed or seed checks?
Evertrue Capital, Octopus Ventures (First Cheque II) and Norrsken Evolve focus on pre-seed. Creandum and 25m Health invest from pre-seed to Series A, Brightmind Partners writes seed and Series A cheques, and Yosemite invests from seed onwards in oncology.
Which of these funds are still raising?
Octopus Ventures, Daksham Capital and IA Capital Group held a first close, with QBE Insurance Group anchoring IA Capital's fund, so they are still raising. Brightmind Partners (about $250M), Steel Atlas (up to $100M) and 25m Health (up to $50M) announced targets for new funds.
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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