Chart of the Week: Private equity fundraising becoming more and more top-heavy

The trend of megafunds increasing in prominence crested in 2017. The 10 largest funds closed accounted for nearly 28 percent of overall fundraising over the past three years. The boost to 2017’s total haul can be attributed in part to Apollo Global Management’s massive close of $24.6 billion for Apollo Investment Fund IX, the largest traditional private equity fund ever raised.