These 5 private equity firms made half-a-trillion dollars in 5 years

Leading the pack is New York-based private equity giant Blackstone, which brought in $125.6 billion in capital from 2018 through 2023, according to Visual Capitalist. Blackstone is the largest alternative asset manager in the world, with more than $1 trillion in assets under management as of Dec. 31.

KKR ranked second, raising $103.7 billion in capital over a five-year period. The New York-based private equity titan laid out ambitious plans last month to reach $1 trillion in assets under management within the next five years — nearly double the $553 billion of assets it saw at the end of last year.

Stockholm-based EQT saw $101.7 billion in new capital in the five-year span. The firm had 232​‌ billion euro ($252 billion) in assets under management as of the end of 2023.

Thoma Bravo, a Chicago-based private equity firm, raised $74.1 billion in capital in the five years ended March 31, 2023. Known for a particular investment focus in the software sector, the firm has $138 billion in assets under management as of the end of last year.

Rounding out the top five is Carlyle, which brought in $69.7 billion during the five-year span. Based in Washington, D.C., Carlyle bills itself as one of the largest and most diversified global investment firms with $425 billion in assets under management across its three business segments.