Kirkland Takes Top Spot on Private Equity International’s Annual Fund Formation League Table

Private Equity International (PEI) ranked Kirkland No. 1 on its 2025 Fund Formation League Table by both aggregate value ($239.8 billion) and number of funds (167), more than double the next leading law firm in both areas. PEI recognized the Firm for advising on several major funds, including the $24.3 billion Thoma Bravo Fund XVI, the $8.1 billion Thoma Bravo Discover Fund V and the $7 billion Dawson Portfolio Finance 6.

“Fund formation continues to evolve, and sponsors need advisers that know their business inside and out, along with an up-to-the-moment grasp of the overall market, available structures and opportunities,” said Daniel Lavon-Krein, a partner in Kirkland’s Investment Funds Group and a member of the Firm’s global Executive Committee.