# PE firms (2026 list) > 29,206 PE firms, 5% active in the last 12 months. Led by Gaingels, Goldman Sachs, Citibank. Ranked by what they funded. Source: https://millionrounds.com/lists/pe-firms (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms Updated 1 November 2026 PE firms, ordered by what we have observed them do. Type is read from the firm's own website wherever we could reach it. [See all 29,206 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms)The top 25 **29,206** investors on the list *+149* this week **4,263** cheques in 12 months *+38%* against the market **$25M** median round they joined *+213%* against the market median **5%** wrote a cheque in 12 months **3%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (22) - 1 [Gaingels](https://millionrounds.com/fund/gaingels) *Deploying now* Private equity · United States **1,010** **$8M** median round **Oct 2026** last seen - 2 [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) *Deploying now* Private equity · United States **758** **$73M** median round **Oct 2026** last seen - 3 [Citibank](https://millionrounds.com/fund/citi) *Deploying now* Growth equity · United States **566** **$20M** median round **Oct 2026** last seen - 4 [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) *Deploying now* Private equity · United States **549** **$2.8M** median round **Oct 2026** last seen - 5 [IDG Capital](https://millionrounds.com/fund/idg-capital) *Deploying now* Private equity · China **504** **$25M** median round **Oct 2026** last seen - 6 [OrbiMed](https://millionrounds.com/fund/orbimed) *Deploying now* Private equity · United States **447** **$71M** median round **Oct 2026** last seen - 7 [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) *Deploying now* Private equity · United States **433** **$16M** median round **Aug 2026** last seen - 8 [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) *Deploying now* Private equity · United States **394** **$93M** median round **Oct 2026** last seen - 9 [Summit Partners](https://millionrounds.com/fund/summit-partners) *Deploying now* Private equity · United States **356** **$81M** median round **Oct 2026** last seen - 10 [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) *Deploying now* Private equity · United States **288** **$56M** median round **Oct 2026** last seen - 11 [Saif Partners](https://millionrounds.com/fund/saif-partners) *Deploying now* Private equity · Hong Kong SAR China **283** **$14M** median round **May 2026** last seen - 12 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen - 13 [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) *Deploying now* Private equity · United States **260** **$124M** median round **Oct 2026** last seen - 14 [Business Growth Fund](https://millionrounds.com/fund/bgf) *Deploying now* Private equity · United Kingdom **259** **$9.8M** median round **Sept 2026** last seen - 15 [Oak Investment Partners](https://millionrounds.com/fund/oak-investment-partners) quiet Private equity · United States **252** **$23M** median round **Aug 2015** last seen - 16 [HSBC](https://millionrounds.com/fund/hsbc) *Deploying now* Growth equity · United Kingdom **233** **$45M** median round **Oct 2026** last seen - 17 [Eleven](https://millionrounds.com/fund/eleven) quiet Private equity · India **219** **$34K** median round **Oct 2015** last seen - 18 [Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) *Deploying now* Private equity · France **217** **$20M** median round **Apr 2026** last seen - 19 [TPG](https://millionrounds.com/fund/tpg) *Deploying now* Private equity · United States **204** **$91M** median round **Oct 2026** last seen - 20 [3i Group](https://millionrounds.com/fund/3i-group) quiet Private equity · United Kingdom **202** **$179M** median round **Mar 2019** last seen - 21 [TCV](https://millionrounds.com/fund/tcv) *Deploying now* Private equity · United States **200** **$100M** median round **Oct 2026** last seen - 22 [K5 Global](https://millionrounds.com/fund/k5-global) *Deploying now* Private equity · United States **198** **$11M** median round **Sept 2026** last seen - 23 [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) *Deploying now* Private equity · United States **197** **$64M** median round **Oct 2026** last seen - 24 [Altair Capital](https://millionrounds.com/fund/altair-capital-2) *Deploying now* Private equity · Singapore **196** **$2.9M** median round **Oct 2026** last seen - 25 [CDH Investments](https://millionrounds.com/fund/cdh-investments) *Deploying now* Private equity · Hong Kong SAR China **190** **$30M** median round **Oct 2026** last seen **29,181 more on this list** Login free to see all 29,206, filter by stage, sector and market, and keep the ones that fit. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms) ## The Newest Cheques Rounds this list's investors joined most recently - **30** Oct **[Bloquo](https://millionrounds.com/company/bloquo)** Seed *Led by* [Crescera Capital](https://millionrounds.com/fund/crescera-capital) - **30** Oct **[Archon Robotics](https://millionrounds.com/company/archon-robotics)** Seed *With* [IDG Capital](https://millionrounds.com/fund/idg-capital) - **30** Oct **[Agility Robotics](https://millionrounds.com/company/agility-robotics)** Other · $465M *With* [SoftBank Vision Fund 2](https://millionrounds.com/fund/softbank-vision-fund-2) - **30** Oct **[Setara Biosciences](https://millionrounds.com/company/setara-biosciences)** Series A · $90M *With* [Regeneron Ventures](https://millionrounds.com/fund/regeneron-ventures) - **30** Oct **[Baseten](https://millionrounds.com/company/baseten)** Other · $2B *Led by* [Sands Capital Management](https://millionrounds.com/fund/sands-capital) - **29** Oct **[Bites](https://millionrounds.com/company/bites)** Series A · $40M *With* [Horizon Capital](https://millionrounds.com/fund/horizon-capital-5) ## Stages This Year 2,750 rounds - Venture **16%** - Series B **13%** - Series A **13%** - Other **12%** - Debt **11%** - Other **36%** ## What They Backed Sectors, last 12 months - AI **914** - Biotech **329** - Fintech **231** - Healthcare **185** - Energy **152** - Big Data & Analytics **146** ## Cheques by Quarter Led Joined 742 Q1 25 693 Q2 25 823 Q3 25 1,087 Q4 25 1,136 Q1 26 1,004 Q2 26 918 Q3 26 506 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms 63,606](https://millionrounds.com/lists/vc-firms) - [Solo angels 6,513](https://millionrounds.com/lists/solo-angels) - [Family offices 6,262](https://millionrounds.com/lists/family-offices) - [Corporate VCs 5,452](https://millionrounds.com/lists/corporate-vcs) - [Growth equity firms 3,793](https://millionrounds.com/lists/growth-equity-firms) - [Incubators and accelerators 3,524](https://millionrounds.com/lists/incubators-accelerators) - [Institutional LPs 2,743](https://millionrounds.com/lists/institutional-lps) - [Startup studios 2,384](https://millionrounds.com/lists/startup-studios) - [Angel groups 1,972](https://millionrounds.com/lists/angel-groups) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about PE firms ### Who are the most active PE firms? By cheques observed, the most active are Gaingels, Goldman Sachs, Citibank, Pioneer Fund and IDG Capital. ### How many PE firms are there? 29,206 are on record. 5% made an investment in the last 12 months and 3% have led a round. ### Which stages do PE firms back? Of the rounds with a named stage in the last 12 months, mostly Series B (18%) and Series A (18%). ### How big are the rounds PE firms join? The typical (median) round among the leading investors here is $30M. ### Which sectors do PE firms back most? In the last 12 months, mostly AI, Biotech and Fintech. ### Which PE firms lead the most rounds? General Atlantic (32 led), Goldman Sachs (22 led) and TCV (17 led). ### Where are PE firms based? Among the most active, most are based in the United States (16), the United Kingdom (3) and Hong Kong SAR China (2). ### What have PE firms invested in recently? Recent rounds include Bloquo (Seed, Oct 2026, with Crescera Capital), Archon Robotics (Seed, Oct 2026, with IDG Capital) and Agility Robotics (Other, Oct 2026, with SoftBank Vision Fund 2). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)