Key Takeaways
- • Kirkland & Ellis has reclaimed the top position in PEI's fund formation league table, leading the ranking by both number of funds advised and aggregate capital raised in 2025.
- • The ranking is compiled from PEI Group Data and covers private equity fund formation activity across Asia-Pacific, North America, and Western Europe.
- • The result signals the continued dominance of large law firms in advising on private capital fundraising, a development relevant to GPs and LPs assessing advisor relationships.
Summary
Kirkland & Ellis has regained its position at the top of PEI's Fund Formation League Table, according to a report published by PEI Private Equity on 10 June 2026 and written by Carmela Mendoza. The legal firm leads the 2025 ranking on two measures: the number of funds it advised on and the aggregate capital raised by those funds.
The league table is based on PEI Group Data and spans managers and deals across Asia-Pacific, North America and Western Europe. Ranking by fund count and capital raised provides a view of which advisers are most active in supporting private capital fundraising during the year.
For institutional investors and fund managers, advisor league tables offer an indication of market share among legal counsel in fund formation. The return of Kirkland & Ellis to first place reflects its established position in the sector. The source article is brief, and this summary reflects the headline findings as reported.
The league table is based on PEI Group Data and spans managers and deals across Asia-Pacific, North America and Western Europe. Ranking by fund count and capital raised provides a view of which advisers are most active in supporting private capital fundraising during the year.
For institutional investors and fund managers, advisor league tables offer an indication of market share among legal counsel in fund formation. The return of Kirkland & Ellis to first place reflects its established position in the sector. The source article is brief, and this summary reflects the headline findings as reported.
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