The U.S. continues to be a prime destination for cross-border private equity investments, with firms from around the world actively deploying capital into U.S.-based portfolio companies. But U.S. firms are also actively investing internationally. Analyzing recent data from our M&A database, between 2020 and 2025, cross-border PE activity has been significant, particularly for firms in the U.S. making investments in companies around the world.
- U.S.-based private equity firms made 2,461 platform investments in non-U.S. portfolio companies.
- International private equity firms completed 758 platform investments in U.S. portfolio companies.
This data highlights the strong outbound investment appetite of U.S. firms while also demonstrating continued foreign interest in U.S. opportunities. Below, you'll find the most active private equity firms and countries making cross-border investments.
Top U.S.-based private equity firms investing in international companies
- Insight Partners
- KKR & Co.
- General Atlantic
- The Carlyle Group
- Warburg Pincus
- L Catterton
- Bain Capital
- TA Associates
- Blackstone Group
- PSG
Top international private equity firms investing in U.S. companies
- Advent International
- SV Health Investors
- EDBI
- Ardian
- Permira
- EQT Partners
- Novo Holdings A/S
- Partners Group
- Mubadala Investment Company
- Searchlight Capital Partners
Top countries fueling cross-border private equity activity, excluding the U.S.
- United Kingdom
- France
- Sweden
- Singapore
- Switzerland
- Canada
- Germany
- Australia
- Netherlands
- Japan