2022 Mid-Year Update

After a sustained period of expansion in the capital markets and broader economic growth, the macro environment changed precipitously in the first half of 2022. In the midst of this macro uncertainty, we remain focused on executing our consistent growth equity strategy as we have done in prior cycles. We are as busy as ever developing relationships with high-quality investment prospects, and we continue to commit significant resources to the portfolio company-building initiatives that underlie our approach to long-term value creation.

We closed Fund X and the third overage program at $2 billion and $200 million, respectively. We are deeply thankful for the support and partnership of our investors and are privileged to work with an outstanding group of colleagues, entrepreneurs and companies.

Below is a summary of our activity from the first half of the year.