September 22: $3.92 Billion Filed Across 138 Vehicles, Led by a Three-Vehicle Private Equity Platform

Funds and investment vehicles reported $3.92 billion in new capital raised across 138 filings dated September 22, 2026, according to AngelLinx Intelligence's daily read of investor activity. That total sits well below the $14.09 billion filed on September 21 and the $23.48 billion recorded the week before, a reminder that daily filing totals swing sharply based on how many large institutional platforms happen to land their paperwork on a given day rather than any broader shift in fundraising conditions.

Private equity dominated the day, accounting for $2.36 billion, or 60.15%, across 31 vehicles, the highest concentration by fund type this month. Hedge funds followed at $798.1 million (20.35%) across 21 vehicles, other investment funds at $580.9 million (14.81%) across 26 vehicles, and venture capital at $183.9 million (4.69%) across 60 vehicles, a split examined in more depth in Article 4.

The single largest name in the data is a matter of some nuance rather than a single dominant filer. Three affiliated entities under the W-Prime VI umbrella, all reporting to Pascal Christory or an affiliated general partner, each recorded an identical $591.22 million raised, together representing the largest cluster of the day. Article 2 walks through why the same figure appears three times rather than three different slices of a larger total, and what that means for reading any multi-entity fund filing correctly.

Beyond W-Prime, Alexander G. Iosilevich's Alignment Growth Fund II filed $291.75 million on its own (7.44% of the day), the second-largest single vehicle. Kalaivaanee Candasamy Patten's Y Co-Invest (B) followed at $180.75 million (4.61%), an other-investment-fund co-investment vehicle. On the hedge fund side, Brian Eden's Merricks Capital filed a genuine feeder-and-master pair, a $134.62 million feeder fund alongside a $96.53 million master fund, together $231.15 million, a matched structure similar to several onshore-offshore pairs AngelLinx Intelligence has covered in past sessions, though here the split is feeder-versus-master rather than onshore-versus-offshore.

Zero-dollar filings continued their recent climb, reaching 31.88% of the day's 138 vehicles, up from 28.80% the prior session, a trend explored fully in Article 3. Sector tagging remained rare across the dataset, with only five of 138 vehicles carrying a specific sector label rather than a generalist or deal-by-deal designation, the subject of Article 5.

Looking at fund type by vehicle count rather than dollars tells a different story than the dollar breakdown above. Venture capital, despite raising the least money of any category, filed the most vehicles of the day at 60, more than the other three fund types combined (78 vehicles across private equity, hedge funds, and other investment funds together). That divergence between deal count and dollar volume, examined fully in Article 4, is one of the more consistent patterns AngelLinx Intelligence has tracked across every session so far, not a one-day quirk of today's data specifically.

On the hedge fund side beyond Merricks Capital, Kevin C. Smith's Crescat Global Macro Fund filed $137.76 million, the category's second-largest single vehicle after the Merricks feeder fund, continuing Crescat Capital's long-running macro strategy focus. Other investment funds, the day's third-largest category by dollars, were led by Kalaivaanee Candasamy Patten's Y Co-Invest (B) at $180.75 million, a co-investment structure that typically sits alongside a primary fund vehicle to let select limited partners take a larger position in a specific deal than the main fund's diversification rules would otherwise allow.

On the India side, the SEBI Alternative Investment Fund register showed 2,026 registered AIFs as of its most recent snapshot, up five from the 2,021 recorded on September 20, though SEBI's own register had not refreshed its "as on" date past September 21 at the time of this check, so the count should be read as the latest available rather than a same-day figure. The SEBI Foreign Venture Capital Investor register remained unchanged at 308.

Compared against the prior seven sessions, today's $3.92 billion sits at the lower end of the recent range, well below the $23.98 billion and $23.48 billion filed on September 17 and 18 respectively, but broadly consistent with the kind of day where a small number of very large filers rather than a broad wave of smaller ones determine the bulk of the total. Days like today, where a single fund family accounts for close to 15% of the entire day's dollars on its own, are common enough in this dataset that a single day's total should generally be read alongside the vehicle count and top-filer concentration rather than in isolation, since a modest headline number can still reflect meaningful institutional capital formation concentrated in just a few hands.

Founders and investors tracking which fund types are actively deploying capital on a given day, rather than which type dominates a monthly aggregate, can use daily reads like this one to spot which categories are most active in real time. Those evaluating a private equity or secondaries-focused raise can browse active investors through the match tool, explore the investor directory, or check the live listing of current opportunities. Catch up on more coverage in the newsroom, or register on AngelLinx to start a raise.

AngelLinx Intelligence | angellinx.ai