Kirkland & Ellis LLP-advised One Equity Partners announced Monday that it has closed its latest flagship private equity fund at $3.25 billion, marking the firm’s largest fundraise to date.
The vehicle, named One Equity Partners IX LP, exceeded its $2.75 billion target and reached its $3.25 billion hard cap, the firm said in a statement. The successful close brings One Equity Partners’ total assets under management to about $16 billion.
Fund History and Growth
This latest fund follows the $2.75 billion One Equity Partners VIII LP, which closed in April 2022, and the $1.75 billion One Equity Partners VII LP, which wrapped in October 2019. Each successive fund has shown significant growth in size, reflecting increased investor demand and confidence in the firm’s strategy.
“We are especially grateful for the partnerships and steadfast support from our existing investors who have seen the success of our differentiated deal sourcing and value creation approach, and we look forward to developing long-term partnerships with the new investors we welcomed to the fund,” said David Lippin, partner and head of investor relations at One Equity Partners.
