$122.98B Filed in Five Days Aug 17-21: Hedge Funds, PE, and Credit Split Capital Three Ways

AngelLinx Intelligence tracked 692 capital vehicles filed between August 17 and August 21, totalling $122.98 billion across four fund categories. The five-session window was the largest tracked in August by total capital: hedge funds filed 123 vehicles worth $40.65 billion (33.1% of capital, 17.8% of vehicles), private equity filed 233 vehicles worth $39.60 billion (32.2% of capital, 33.7% of vehicles), other investment funds filed 160 vehicles worth $38.65 billion (31.4% of capital, 23.1% of vehicles), and venture capital filed 176 vehicles worth $4.09 billion (3.3% of capital, 25.4% of vehicles). All percentages are of 692 total vehicles and $122.98B total capital tracked by AngelLinx Intelligence.

The prior weekly aggregate, covering August 10 through 14, produced 773 filings and $110.7 billion. August 17 to 21 exceeded that by $12.28 billion on 81 fewer vehicles, a pattern that reflects fewer but larger vehicles in the latest session window.

Day by Day

The week's capital distribution was highly uneven across the five sessions. August 20 produced $45.14 billion from 160 vehicles, the heaviest single day of the week, anchored by AQR Capital's two Delphi vehicles totalling $11.44 billion and THL Equity Fund X at $6.01 billion. The three lighter days were August 17 ($13.16 billion, 112 vehicles), August 19 ($17.70 billion, 115 vehicles), and August 21 ($19.58 billion, 141 vehicles). August 18 was the second heaviest session at $27.40 billion driven by Blackstone's four Asset Based Finance vehicles at $13.17 billion combined.

Two managers each dominated their respective session days: AQR with 26.2% of August 20's total, and Blackstone with 48.1% of August 18's total from one coordinated PE close. The $122.98 billion total, viewed at the weekly level, masks this intraday concentration.

How the Three-Way Split Happened

The near-equal three-way split between hedge funds, private equity, and other investment funds is unusual in the historical pattern. Most weeks see one category hold a clear plurality. This week's balance reflects the simultaneous completion of multiple large coordinated closes across all three categories: Brevan Howard's hedge fund vehicles ($13.39 billion across the week), Blackstone ABF's PE vehicles ($13.17 billion, August 18), and KKR's Global Credit vehicles plus TCW's Securitised Opportunities ($8.68 billion combined, August 21) split the week's largest capital events across all three non-VC categories simultaneously.

Venture Capital's 3.3% Weekly Share

Venture capital filed 176 vehicles across the five sessions, the highest vehicle count of any week tracked so far in August. Despite this, its capital share held at 3.3% of the week's $122.98 billion, with daily VC capital share ranging from 1.2% (August 21) to 5.0% (August 19). On no single day did VC exceed 5% of total capital filed. The most capital-efficient VC filing of the week was Altimeter Capital's Premier Growth VIII at $1.555 billion, which represented 38% of all VC capital for the entire five-day period from a single vehicle.

The 176 VC vehicles at $4.09 billion represent an average of $23.2 million per vehicle, but that average is distorted by three large vehicles above $100 million. The median VC vehicle in this window was likely in the $1 to $3 million range, reflecting the dense SPV and deal-by-deal layer that operates below the institutional fund tier. Founders seeking early-stage capital are operating in that median layer, not the average. Browse active investors on AngelLinx to identify which funds and angels are currently building deal pipelines at your stage.

The Largest Vehicles of the Week

The five largest vehicles of the week were all non-VC: AQR TA Delphi Plus Fund ($6.83 billion), THL Equity Fund X ($6.01 billion), Brookfield Infrastructure Debt Fund IV-S ($4.66 billion), AQR TA Delphi Long Short Equity Fund ($4.61 billion), and Blackstone Asset Based Finance Partners LP ($3.29 billion). Combined, these five vehicles account for $25.40 billion, or 20.7% of the week's total capital from just 0.7% of its vehicles. For context on each of these, AngelLinx Intelligence published dedicated analyses on THL Equity Fund X and both AQR Delphi vehicles in prior sessions; see the AngelLinx newsroom for those reports.

What to Watch

Watch for Blackstone's ABF platform to file additional vehicles in September. The four-vehicle structure filed August 18 suggests the ABF fund is in an active placement period, and large PE firms typically file additional feeders and parallel vehicles as their LP base closes in tranches. That pattern would extend Blackstone's presence into next week's filing windows.

Founders who want to understand how the institutional capital cycle shapes the environment for venture fundraising can use the investor match tool to see which VC managers are actively building their LP-backed pipelines right now. Companies already raising during this window can be found in the AngelLinx live listing.

Build your pitch presence during this active deployment window @ angellinx.ai/register.

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