The LPs actively allocating to private equity right now
Private equity fundraising in 2026 is harder than it's been in a decade. Altss shows you the specific family offices and institutions that are currently allocating to PE — with mandate signals, commitment pacing, and verified decision-makers — so you stop burning cycles on LPs who closed their books six months ago.
The PE fundraising environment in 2026
Buyout, venture capital, and growth funds globally raised $428 billion through Q3 2025, versus $773 billion for all of 2024. Projections for full-year 2025 suggest $838 billion across PE, VC, growth, credit and infrastructure — down 24% from 2024's $1 trillion. Average buyout fund size reached $2.1 billion in 2025, up 7% year-over-year and 35% larger than 2020 — a clear flight to established managers.
The implication for GPs: LP selectivity is at decade highs. Re-ups are no longer automatic. Mid-market and emerging managers compete against Apollo, Blackstone, KKR, and Carlyle for the same institutional budgets. Finding the specific LPs who are actually allocating to PE — not just “interested in alternatives” — is the difference between a successful close and an 18-month grind.
Who's allocating to private equity in Altss
- 18,000+ PE-active institutional LPs — public and corporate pensions, endowments, foundations, sovereign wealth funds, insurance companies, funds-of-funds, and OCIOs with documented private equity allocations
- 6,500+ family offices with direct PE exposure — single-family offices, multi-family offices, and principal investment arms writing direct equity checks or fund commitments
- 22,000+ institutional LPs participating in PE SPVs, feeder funds, and direct deals
- Re-up windows and commitment pacing — which LPs are due for PE re-allocation in the next 2-4 quarters based on historical commitment cycles
- Recent mandate activity — new PE allocations, CIO transitions, board-approved target increases
What's in the platform for PE fundraisers
Strategy-specific LP filtering.
Filter by buyout, growth, mid-market, lower middle market, large-cap, sector specialist, control vs. minority, co-invest appetite, and ticket size. Match your PPM language to the LPs who've actually backed that exact strategy.
Commitment pacing intelligence.
Historical commitment data across vintages shows when each LP is in-cycle for new PE deployment. A pension that committed $200M to PE in 2024 is a different conversation from one that's been on the sidelines since 2022.
DPI-sensitive LP segmentation.
DPI has become a top-3 allocation metric. Altss tags LPs by how heavily they weight realized returns vs. paper marks — so you can lead with the track record metric that matches their framework.
Emerging manager programs.
Dedicated filter for institutional LPs with explicit emerging manager allocations. 150+ tagged programs across U.S. and European pensions, endowments, and insurance companies.
Geographic mandate mapping.
Europe-focused raises tap different LPs than North American raises. GCC sovereign and family capital follows different patterns than U.S. pensions. Altss maps geography by LP strategy and by fund geography.
How PE GPs use Altss
01
Fund III+ re-up campaign.
Pull your existing LP base from prior vintages. Layer Altss signal data: which ones have had CIO turnover, which ones are in a fiscal re-up window, which ones just had a liquidity event that freed capital. Sequence re-up conversations around their calendar, not yours.
02
Emerging PE manager anchor search.
Filter to family offices and institutional LPs with documented Fund I backing history, filter by your specific strategy (buyout, growth, sector), and overlay warm-path analysis. 40-60 name shortlist instead of 2,000-row CSV.
03
Mid-market strategy targeting.
Large-cap LPs don't always fit mid-market funds. Altss filters by stated fund size range preferences — so your $400M Fund III pitch goes to LPs whose mandate matches, not to the $5B sovereign that only writes $100M+ checks.
04
GP-led secondary sourcing.
Continuation vehicle and single-asset secondary fundraising requires a different LP universe than primary PE. Altss maps dedicated secondary capital across 400+ funds and the LPs backing them.
Why Altss vs Preqin for PE fundraising
Preqin is strongest for fund performance benchmarking and historical AUM analytics — the committee-level data you'd use for pitchbook comps. Altss is strongest for operational fundraising execution: who to call this quarter, what signal justifies the call, what contact is current. Most PE firms with serious fundraising motions run both.
PitchBook is built around deal and company data with LP coverage added later. For PE deal sourcing and company research, PitchBook remains the standard. For PE LP targeting and fundraising, Altss and Preqin are the purpose-built tools.
Frequently asked questions
How many PE-active LPs are in Altss?
Do you filter by fund size preference?
Do you cover emerging PE managers?
How do you handle commitment pacing and re-up windows?
What about GP-led secondaries and continuation vehicles?
Pricing for PE GPs?
See which LPs are allocating to PE this quarter.
Book a demo — bring your strategy and we'll pull a sample universe live on the call.
